Proceeds from any bonds issued pursuant to the provisions of the Water and Sanitation District Act shall not be used by the board on any project constructed in fulfillment or partial fulfillment of requirements made of a subdivider by the provisions of the Land Subdivision Act [ 47-5-1 to 47-5-8 NMSA 1978] or the New Mexico Subdivision Act [Chapter 47, Article 6 NMSA 1978].
§ 73-21-53 NMSA 1978
Use of bond proceeds restricted
Known as the Water and Sanitation District Act
The act spans §§ 73–73 (56 sections).
1953 Comp., § 75-18-48.2, enacted by Laws 1977, ch. 345, § 11.
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.