State Codes and Statutes

Statutes > New-mexico > Chapter-6 > Article-1 > Section-6-1-4

6-1-4. Loans or grants obtained by political subdivisions; application of proceeds.

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.

State Codes and Statutes

Statutes > New-mexico > Chapter-6 > Article-1 > Section-6-1-4

6-1-4. Loans or grants obtained by political subdivisions; application of proceeds.

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.