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2018 New Mexico Statutes
Chapter 4 - Counties
Article 62 - Revenue Bonds
Section 4-62-2 - Use of proceeds of bond issue.
Universal Citation: NM Stat § 4-62-2 (2018)
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.
Repeals and reenactments. — Laws 1992, ch. 95, § 2 repealed former 4-62-2 NMSA 1978, as enacted by Laws 1983, ch. 158, § 2, relating to procedure for issuing bonds, and enacted a new section, effective May 20, 1992.
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