New Mexico Statutes
§ 72-14-14 — Revenues from bonds to be applied to cost of projects
and associated expenses. All money received from any bonds issued pursuant to Sections 72-14-9 through 72- 14-28 NMSA 1978 shall be applied solely to the payment of the cost of the project or to the appurtenant debt service fund, and there is created and granted a lien upon such money until so applied in favor of the holders of the bonds or the trustee provided for in respect of such bonds.
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New Mexico § 72-14-14 (Revenues from bonds to be applied to cost of projects) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 75-34-14, enacted by Laws 1955, ch. 266, § 6; 1997, ch. 241, §
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