There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 4 - Counties
Section 62 Revenue Bonds
Section 4-62-2 Use of proceeds of bond issue.
NM Stat § 4-62-2 (2014) What's This?
4-62-2. 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.
History: 1978 Comp., 4-62-2, enacted by Laws 1992, ch. 95, 2.
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