New Mexico Statutes
§ 6-13-16 — [Funds derived from sale of bonds; restrictions on use.]
New Mexico § 6-13-16
This text of New Mexico § 6-13-16 ([Funds derived from sale of bonds; restrictions on use.]) 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. § 6-13-16 (2026).
Text
That none of the funds derived from the sale of bonds issued under the provisions of this act [6-13-1 to 6-13-26 NMSA 1978], except so much thereof as shall be necessary to defray the costs of the issuance of such bonds and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended for any purpose other than those for which the authority to issue the same by this act is given.
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Legislative History
1941 Comp., § 6-268, enacted by Laws 1949, ch. 121, § 15; 1953 Comp., §
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
Definitions§ 6-10-1.2
Payment methods authorized; fee§ 6-10-10
Deposit and investment of fundsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 6-13-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/6/6-13-16.