There is a newer version of the New Mexico Statutes
2016 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 11 - New Mexico Institute of Mining and Technology
Section 21-11-23 - Use of funds restricted to designated purposes.
NM Stat § 21-11-23 (2016) What's This?
21-11-23. [Use of funds restricted to designated purposes.]
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, shall ever be used or expended by said board for any purposes other than those for which authority is herein given.
History: 1941 Comp., 55-2621, enacted by Laws 1947, ch. 119, 9; 1953 Comp., 73-27-23.
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