Use of proceeds of bond issue

NMSA 1978, § 5-7-4 — under Article 7.

NMSA 1978, § 5-7-4

It is unlawful to divert, use or expend any money received from the issuance of fire district bonds for any purpose other than the purposes for which the bonds were issued. History: Laws 1983, ch. 162, § 4.