New Mexico Statutes
§ 21-3-25 — [Restrictions on use of New Mexico highlands university
New Mexico·Ch. 21 State and Private Education Institutions·Art. 3 Certain State Post-Secondary Schools
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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New Mexico § 21-3-25 ([Restrictions on use of New Mexico highlands university) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1941, ch. 208, § 13; 1941 Comp., § 55-2127; 1953 Comp., § 73-22-27.
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