There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 73: Special Districts
Article 21: Water and Sanitation Districts, 73-21-1 through 73-21-55
Section 73-21-53: Use of bond proceeds restricted.
NM Stat § 73-21-53 (1996 through 1st Sess 50th Legis) What's This?
73-21-53. Use of bond proceeds restricted.
Proceeds from any bonds issued pursuant to the provisions of the Water and Sanitation District Act shall not be used by the board on any project constructed in fulfillment or partial fulfillment of requirements made of a subdivider by the provisions of the Land Subdivision Act [47-5-1 NMSA 1978] or the New Mexico Subdivision Act [47-6-1 NMSA 1978].
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