New Mexico Statutes
§ 21-3-20 — [Income of permanent land funds of New Mexico highlands
New Mexico·Ch. 21 State and Private Education Institutions·Art. 3 Certain State Post-Secondary Schools
university pledged.] That from and after the passage and approval of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for New Mexico normal university [New Mexico highlands university] shall be invested in the same manner as other permanent funds of the state of New Mexico are authorized to be invested, the income from which shall likewise form a part of the pledged income for the payment of principal and interest of bonds issued by the board of regents of the New Mexico normal university [New Mexico highlands university] under the provisions of this act.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 21-3-20 ([Income of permanent land funds of New Mexico highlands) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1941, ch. 208, § 8; 1941 Comp., § 55-2122; 1953 Comp., § 73-22-22.
Nearby Sections
15
§ 21-1-10
Delegation of authority§ 21-1-11
[Allocation of funds.]§ 21-1-12
[Annual reports; contents.]§ 21-1-19
[Oaths of board members; filing.]