New Mexico Statutes
§ 21-3-20 — [Income of permanent land funds of New Mexico highlands
New Mexico § 21-3-20
JurisdictionNew Mexico
Ch. 21State and Private Education Institutions
Art. 3Certain State Post-Secondary Schools
This text of New Mexico § 21-3-20 ([Income of permanent land funds of New Mexico highlands) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 21-3-20 (2026).
Text
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
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.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 21-3-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/21/21-3-20.