New Mexico § 21-7-20 [Income from investment of permanent fund derived from

New Mexico Statutes

§ 21-7-20 — [Income from investment of permanent fund derived from

New Mexico § 21-7-20

Ch. 21State and Private Education Institutions

Art. 7University of New Mexico

This text of New Mexico § 21-7-20 ([Income from investment of permanent fund derived from) 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. § 21-7-20 (2026).

Text

trust land sales pledged to repay building and improvement bonds.] That from and after the passage and approval of this act [21-7-13, 21-7-14, 21-7-16 to 21-7-25 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for said university, shall be invested in bonds of the United States or of the state of New Mexico, the income from which shall likewise form a part of the pledged income for the payment of the principal and interest of said bonds issued by said board.

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trust land sales pledged to repay building and improvement bonds.] That from and after the passage and approval of this act [21-7-13, 21-7-14, 21-7-16 to 21-7-25 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for said university, shall be invested in bonds of the United States or of the state of New Mexico, the income from which shall likewise form a part of the pledged income for the payment of the principal and interest of said bonds issued by said board.