New Mexico Statutes 10-7C-7.1. Board may provide for an administration building;
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payment of obligations from contributions.
Terms Used In New Mexico Statutes 10-7C-7.1
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The board may take all actions reasonably necessary to provide an administration building for the authority, including the acquisition of real property for that purpose. The board is authorized to make payments from the first money received each month as contributions pursuant to Section 10-7C-15 N.M. Stat. Ann. to pay principal of, interest on and other expenses or obligations related to revenue bonds issued by the New Mexico finance authority to plan, design, acquire, construct, furnish and equip an administration building for the authority, including the acquisition of real property.