Statutes > New Mexico Statutes > Chapter 5 - Municipalities and Counties. > Article 15 - Tax Increment for Development, 5-15-1 through 5-15-28. > Section 5-15-28 - Bond term expiration.

Section 5-15-28 - Bond term expiration.

5-15-28. Bond term expiration.

The terms of bonds issued pursuant to the Tax Increment for Development Act [5-15-1 NMSA 1978] for a district, including refunding bonds, shall expire not more than twenty-five years after the date that the first bonds are issued for that district.