There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 6: Public Finances
Article 13: Institution Bonds, 6-13-1 through 6-13-26
Section 6-13-1: Short title.
Universal Citation:
NM Stat § 6-13-1 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
6-13-10. [Permanent funds from disposition of lands held in trust for state institutions; investment.]
That from and after the passage and approval of this act [6-13-1 to 6-13-26 NMSA 1978], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for any of said institutions shall be invested in bonds of the United States or of the state of New Mexico, the income from which shall likewise form a part of the pledged income for the payment of the principal and interest on bonds issued by the board of any such institution under the provisions of this act.
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