2009 New Mexico Statutes
Chapter 21 - State and Private Education Institutions.
Article 8 - New Mexico State University
Section 21-8-23 - Use of proceeds of building and improvement bonds restricted.
21-8-23. [Use of proceeds of building and improvement bonds restricted.]
None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended by said board for any other purposes than those for which authority is herein given to issue the same, as set forth in Section 1 [21-8-15 NMSA 1978] hereof.
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.
