New Mexico § 6-13-10 [Permanent funds from disposition of lands held in trust

New Mexico Statutes

§ 6-13-10 — [Permanent funds from disposition of lands held in trust

New Mexico § 6-13-10

Ch. 6Public Finances

Art. 13Institution Bonds

This text of New Mexico § 6-13-10 ([Permanent funds from disposition of lands held in trust) 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. § 6-13-10 (2026).

Text

for state institutions; investment.] That from and after the passage and approval of this act [6-13-1 to 6-13-26 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for any of said institutions shall be invested in bonds of the United States or of the state of New Mexico, the income from which shall likewise form a part of the pledged income for the payment of the principal and interest on bonds issued by the board of any such institution under the provisions of this act.

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for state institutions; investment.] That from and after the passage and approval of this act [6-13-1 to 6-13-26 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for any of said institutions shall be invested in bonds of the United States or of the state of New Mexico, the income from which shall likewise form a part of the pledged income for the payment of the principal and interest on bonds issued by the board of any such institution under the provisions of this act.