Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 19 - Southern Sandoval County Flood Control, 72-19-1 through 72-19-103. > Section 72-19-43 - Maturities of notes and warrants.

Section 72-19-43 - Maturities of notes and warrants.

72-19-43. Maturities of notes and warrants.

Notes and warrants may mature at such time not exceeding one year from the respective dates of their issuance as the board may determine.  They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with Section 44 or 46 [72-19-44 or 72-19-46 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act.