New Mexico § 21-3-25 [Restrictions on use of New Mexico highlands university

New Mexico Statutes

§ 21-3-25 — [Restrictions on use of New Mexico highlands university

New Mexico § 21-3-25

Ch. 21State and Private Education Institutions

Art. 3Certain State Post-Secondary Schools

This text of New Mexico § 21-3-25 ([Restrictions on use of New Mexico highlands university) 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. § 21-3-25 (2026).

Text

bond proceeds.] That none of the funds derived from the sale of bonds issued under the provisions of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978], except so much thereof as shall be necessary to defray the costs of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended for any purpose other than those for which authority to issue the same by this act is given.

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bond proceeds.] That none of the funds derived from the sale of bonds issued under the provisions of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978], except so much thereof as shall be necessary to defray the costs of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended for any purpose other than those for which authority to issue the same by this act is given.