None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof, shall ever be used or expended by said board for any purposes other than those for which authority is herein given.
§ 21-11-23 NMSA 1978
[Use of funds restricted to designated purposes.]
1941 Comp., § 55-2621, enacted by Laws 1947, ch. 119, § 9; 1953 Comp., § 73-27-23.
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.