New Mexico Statutes
§ 21-5-20 — [Funds restricted to designated purposes.]
New Mexico·Ch. 21 State and Private Education Institutions·Art. 5 New Mexico School for the Blind and Visually
None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended by said board for any other purposes than those for which authority is herein given to issue the same, as set forth in Section 1 [21-5-12 NMSA 1978] hereof.
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New Mexico § 21-5-20 ([Funds restricted to designated purposes.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1941 Comp., § 55-2215, enacted by Laws 1949, ch. 44, § 9; 1953 Comp., §
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.]