N.M. Admin. Code § 6.20.5.7 - DEFINITIONS
A. "School District
Loan Act" means the act, Sections
22-18A-1 through 5 NMSA 1978,
creating a revolving loan fund to provide loans when property tax proceeds are
insufficient to meet debt service on general obligation indebtedness.
B. "Public school district general obligation
bond loan fund" means the revolving loan fund created in the state treasury as
an additional source for payments of principal and interest due on public
school district general obligation indebtedness already incurred or incurred in
the future or for payments of any other obligations arising in connection with
that indebtedness.
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