Bonds issued under the Game and Fish Bond Act shall be payable in consecutive order over a period of not more than twenty years from the date of issue. They shall be issued in denominations determined by the state game commission [state wildlife commission] and shall be sold at a net effective interest rate not exceeding the maximum net effective interest rate permitted by the Public Securities Act [6-14-1 through 6-14-3 NMSA 1978], as hereafter amended and supplemented. The form of the bonds shall be determined by the state game commission [state wildlife commission], and, except with respect to bonds issued in book entry or similar form without the delivery of physical securities, signatures of the governor, the state treasurer and the chairman of the state game commission [state wildlife commission] shall be affixed in compliance with the Uniform Facsimile Signature of Public Officials Act [6-9-1 through 6-9-6 NMSA 1978]. The form and terms of the bonds shall be approved by the state board of finance before issuance of the bonds.

History: 1978 Comp., § 17-1-19, enacted by Laws 1964 (1st S.S.), ch. 18, § 4; 1968, ch. 47, § 2; 1976 (S.S.), ch. 52, § 2; 1983, ch. 265, § 35.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2025, ch. 9, § 11 provided that references in law to the state game commission shall be deemed to be references to the state wildlife commission.