There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 1 - State Board of Finance
Section 6-1-4 - Loans or grants obtained by political subdivisions; application of proceeds.
Universal Citation: NM Stat § 6-1-4 (2019)
Any municipal corporation or other political subdivision obtaining a loan or grant shall apply the proceeds thereof only for the purposes stated by the state board of finance in its action approving the loan or grant.
History: 1953 Comp., § 11-1-1.3, enacted by Laws 1959, ch. 139, § 3; 1973, ch. 92, § 3.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
