Section 72-20-40 - Forms of borrowing

Upon the conditions and under the circumstances set forth in the Eastern Sandoval County Arroyo Flood Control Act, the authority, to carry out the purposes of that act, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine and issue the following securities to evidence such borrowing: A. notes; B. warrants; C. bonds; D. temporary bonds; and E. interim debentures. History: Laws 2007, ch. 99, § 40. ANNOTATIONSEmergency clauses. — Laws 2007, ch. 99, § 104 contained an emergency clause and was approved March 30, 2007.