It is unlawful to divert, use or expend any money received from the issuance of bonds for any purpose other than the purpose for which the bonds were issued. History: 1978 Comp., § 4-48B-19, enacted by Laws 1981, ch. 83, § 19.
Use of proceeds of bond issue
NMSA 1978, § 4-48B-19 — under Article 48B.
NMSA 1978, § 4-48B-19