New Mexico Statutes
§ 22-11-14 — Fund; restrictions
New Mexico § 22-11-14
This text of New Mexico § 22-11-14 (Fund; restrictions) 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. § 22-11-14 (2026).
Text
A.No member of the board or employee of the board shall have any interest, directly or indirectly, in the gains or profits of any investments made by the board, except for regular salaries and per diem and mileage allowances authorized pursuant to the Educational Retirement Act.
B.No member of the board or employee of the board shall, directly or indirectly for himself or as an agent or partner for others, borrow from the fund or deposits of the board, or in any manner use the fund or deposits except to make current and necessary disbursements authorized by the board.
C.No member of the board or employee of the board shall become an endorser or surety or become in any manner an obligor for moneys loaned or borrowed by the board.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 77-9-14, enacted by Laws 1967, ch. 16, § 138.
Nearby Sections
15
§ 22-1-1
Public School Code§ 22-1-1.1
Legislative findings and purpose§ 22-1-1.2
Legislative findings and purpose§ 22-1-11
Educational data system§ 22-1-16
Parental guidance for water safety§ 22-1-2
Definitions§ 22-1-2.1
Home school; requirementsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 22-11-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/22/22-11-14.