New Mexico Statutes

§ 4-49-20 — [Use of funds for specific purpose; misapplication;

New Mexico § 4-49-20
JurisdictionNew Mexico
Ch. 4Counties
Art. 49Bonds for Courthouses, Jails, Bridges, Hospitals and

This text of New Mexico § 4-49-20 ([Use of funds for specific purpose; misapplication;) 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. § 4-49-20 (2026).

Text

penalty.] No bonds issued under this article, nor the proceeds thereof, shall be used for any other purpose than that for which they were issued. Any officer who shall apply the same to any other purpose shall be deemed guilty of a misdemeanor, and upon conviction shall be fined not less than double the amount of the bonds so misapplied, and imprisoned not less than one year: provided, that the proceeds of such bonds may be applied for the redemption of the same.

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Legislative History

Laws 1891, ch. 83, § 15; C.L. 1897, § 363; Code 1915, § 1170; C.S. 1929, §

Nearby Sections

15
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Bluebook (online)
New Mexico § 4-49-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/4/4-49-20.