The economic development revolving fund bonds or notes issued under 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 2005, ch. 103, § 22. ANNOTATIONSEffective dates. — Laws 2005, ch. 103, § 28 made the act effective April 4, 2005.
New Mexico Legal Code