There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 4: Counties
Article 48B: Hospital Funding, 4-48B-1 through 4-48B-29
Section 4-48B-19: Use of proceeds of bond issue.
NM Stat § 4-48B-19 (1996 through 1st Sess 50th Legis) What's This?
4-48B-19. Use of proceeds of bond issue.
It is unlawful to divert, use or expend any money received from the issuance of bonds for any purpose other than the purpose for which the bonds were issued.
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