Use of proceeds of revenue bond issue.

  1. Law
  2. New Mexico Statutes
  3. Special Districts
  4. Eastern New Mexico Water Utility Authority
  5. Use of proceeds of revenue bond issue.

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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.

History: Laws 2010, ch. 39, § 10.

ANNOTATIONS

Effective dates. — Laws 2010, ch. 39, § 21 made the Eastern New Mexico Water Utility Authority Act effective July 1, 2010.


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