New Mexico Statutes 6-12A-15. Anticipation notes not a general obligation of the state
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Anticipation notes are not a general obligation of the state, but are payable solely out of anticipated revenues that have been pledged for their payment.
Terms Used In New Mexico Statutes 6-12A-15
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.