Project revenue bonds issued pursuant to the Statewide Economic Development Finance Act shall be legal investments in which all insurance companies, banks and savings and loan associations organized under the laws of the state, public officers and public bodies and all administrators, guardians, executors, trustees and other fiduciaries, including the state investment council, may properly and legally invest funds. History: Laws 2003, ch. 349, § 11; 2005, ch. 103, § 11. ANNOTATIONSThe 2005 amendment, effective April 4, 2005, after 'legal investments' deleted 'for savings bonds and insurance companies organized under the laws of the state', and added the remainder of the paragraph.
New Mexico Legal Code