New Mexico Statutes
§ 21-7-22 — [Restrictions on use of building and improvement bond
proceeds.] 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 [21-7-13 NMSA 1978] hereof.
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New Mexico § 21-7-22 ([Restrictions on use of building and improvement bond) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1927, ch. 47, § 10; C.S. 1929, § 130-922; 1941 Comp., § 55-2422; 1953
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.]