Proceeds from the sale of bonds issued under the Game and Fish Bond Act shall be deposited in a special fund in the state treasury and used solely for the purposes for which the bonds were authorized. The cost of preparing, advertising and selling the bonds, including any necessary expense for financial and legal services, shall be paid out of the proceeds. Purchasers of the bonds are not responsible in any way for the application of the proceeds.
§ 17-1-21 NMSA 1978
Proceeds from sale of bonds
Known as the Game and Fish Bond Act
The act spans §§ 17–17 (34 sections).
1978 Comp., § 17-1-21, enacted by Laws 1964 (1st S.S.), ch. 18, § 6.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.