New Mexico Statutes
§ 6-1-4 — Loans or grants obtained by political subdivisions;
application of proceeds. Any municipal corporation or other political subdivision obtaining a loan or grant shall apply the proceeds thereof only for the purposes stated by the state board of finance in its action approving the loan or grant.
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Legislative History
1953 Comp., § 11-1-1.3, enacted by Laws 1959, ch. 139, § 3; 1973, ch. 92, §
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