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2018 New Mexico Statutes
Chapter 4 - Counties
Article 48A - Special Hospital Districts
Section 4-48A-21 - Use of proceeds of bond issue.
Universal Citation: NM Stat § 4-48A-21 (2018)
4-48A-21. 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; provided, however, that bond proceeds may be used for reserves and to pay the costs of issuance.
History: 1978 Comp., § 4-48A-21, enacted by Laws 1981, ch. 84, § 12.
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