Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 18 - Mortgage Finance Authority, 58-18-1 through 58-18-27. > Section 58-18-15 - State and municipalities not liable on bonds and notes.

Section 58-18-15 - State and municipalities not liable on bonds and notes.

58-18-15. State and municipalities not liable on bonds and notes.

The bonds, notes and other obligations of the authority shall not be a debt of the state or of any municipality, and neither the state nor any municipality shall be liable thereon.