It is unlawful to divert, use or expend any money received from the issuance of revenue bonds for any purpose other than the purpose for which the revenue bonds were issued.
§ 73-27-10 NMSA 1978
Use of proceeds of revenue bond issue
Known as the Eastern New Mexico Water Utility Authority Act
The act spans §§ 73–73 (19 sections).
Laws 2010, ch. 39, § 10.
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.