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2025 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 (2025)
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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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