Definitions

As used in the School District Bond Anticipation Notes Act: A. "bond anticipation note" means a security evidencing an obligation of the school district that precedes the issuance of general obligation bonds; and B. "general obligation bond" means indebtedness issued by a school district that constitutes a debt for the purpose of Article 9, Section 11 of the constitution of New Mexico. History: Laws 2002, ch. 54, § 3.