State Codes and Statutes

Statutes > New-mexico > Chapter-4 > Article-48a > Section-4-48a-21

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.   

State Codes and Statutes

Statutes > New-mexico > Chapter-4 > Article-48a > Section-4-48a-21

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.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-4 > Article-48a > Section-4-48a-21

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.