Section 72-20-100 - Resort to judicial process

Section 99 [72-20-99 NMSA 1978] of the Eastern Sandoval County Arroyo Flood Control Act does not apply to or limit the right of the holder of any security, the holder's trustee or any assignee of all or part of the holder's interest, the federal government when it is a party to any contract with the authority, and any other obligee under that act to foreclose, otherwise to enforce, and to pursue any remedies for the enforcement of any pledge or lien given by the authority on the proceeds of taxes, service charges or other revenues. History: Laws 2007, ch. 99, § 100. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.