Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 24 - Industrial and Agricultural Finance Authority, 58-24-1 through 58-24-24. > Section 58-24-14 - State, county and municipalities not liable on bonds and notes.

Section 58-24-14 - State, county and municipalities not liable on bonds and notes.

58-24-14. State, county 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 county or municipality, and neither the state nor any county or municipality shall be liable thereon.