2011 New Mexico Statutes
Chapter 4: Counties
Article 49: Bonds for Courthouses, Jails, Bridges, Hospitals and Libraries, 4-49-1 through 4-49-21
Section 4-49-20: Use of funds for specific purpose; misapplication; penalty.
4-49-20. [Use of funds for specific purpose; misapplication; penalty.]
No bonds issued under this article, nor the proceeds thereof, shall be used for any other purpose than that for which they were issued. Any officer who shall apply the same to any other purpose shall be deemed guilty of a misdemeanor, and upon conviction shall be fined not less than double the amount of the bonds so misapplied, and imprisoned not less than one year: provided, that the proceeds of such bonds may be applied for the redemption of the same.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
