Any money borrowed by the state, or any county, district or municipality thereof, shall be applied to the purpose for which it was obtained, or to repay such loan, and to no other purpose whatever.[1]
Use of Borrowed Funds
N.M. Const. art. IX, § 9 — under State, County and Municipal Indebtedness.
N.M. Const. art. IX, § 9
Use of Borrowed Funds