New Mexico Statutes
§ 72-16-73 — Application of proceeds
New Mexico § 72-16-73
This text of New Mexico § 72-16-73 (Application of proceeds) 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. § 72-16-73 (2026).
Text
All moneys received from the issuance of any securities herein authorized shall be used solely for the purpose (or purposes) for which issued and the cost of any project thereby delineated. Any accrued interest and any premium shall be applied to the payment of the interest on or the principal of the securities, or both interest and principal, or shall be deposited in a reserve therefor, as the board may determine.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 75-36-73, enacted by Laws 1963, ch. 311, § 73.
Nearby Sections
15
§ 72-1-1
Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
Pecos river basin land management fund§ 72-1-6
[Traveler's use of water.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 72-16-73, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-16-73.