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Use of proceeds of bond issue

NMSA 1978, § 5-7-4
in effect
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5-7-4. Use of proceeds of bond issue It is unlawful to divert, use or expend any money received from the issuance of fire district bonds for any purpose other than the purposes for which the bonds were issued. Laws 1983, ch. 162, § 4.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18447/index.do#!b/5-7-4Fetched: 10/20/2026

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