New Mexico § 5-4-15 Proceeds not to be divested [diverted]; exclusions of this

New Mexico Statutes

§ 5-4-15 — Proceeds not to be divested [diverted]; exclusions of this

New Mexico·Ch. 5 Municipalities and Counties·Art. 4 Playgrounds and Recreational Equipment

act. A. Any person diverting or expending money received from the sale of recreational revenue bonds for any purpose other than those purposes authorized in Section 5-4-10 NMSA 1978, is guilty of a misdemeanor.

B.The provisions of Sections 5-4-10 through 5-4-15, 7-12-2, 7-12-6 and 7-12-14 [repealed] NMSA 1978 do not apply to any municipality that issued bonds pursuant to the authority granted by Chapter 151 [repealed] of the Laws of 1953 until the bonds have been fully paid.

Free access — add to your briefcase to read the full text and ask questions with AI

act. A. Any person diverting or expending money received from the sale of recreational revenue bonds for any purpose other than those purposes authorized in Section 5-4-10 NMSA 1978, is guilty of a misdemeanor. B. The provisions of Sections 5-4-10 through 5-4-15, 7-12-2, 7-12-6 and 7-12-14 [repealed] NMSA 1978 do not apply to any municipality that issued bonds pursuant to the authority granted by Chapter 151 [repealed] of the Laws of 1953 until the bonds have been fully paid.

New Mexico § 5-4-15 (Proceeds not to be divested [diverted]; exclusions of this) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.