New Mexico § 21-7-22 [Restrictions on use of building and improvement bond

New Mexico Statutes

§ 21-7-22 — [Restrictions on use of building and improvement bond

New Mexico § 21-7-22

Ch. 21State and Private Education Institutions

Art. 7University of New Mexico

This text of New Mexico § 21-7-22 ([Restrictions on use of building and improvement bond) 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. § 21-7-22 (2026).

Text

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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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.