Statutes > New Mexico Statutes > Chapter 21 - State and Private Education Institutions. > Article 21 - Student Loans, 21-21-1 through 21-21-26. > Section 21-21-11 - Proceeds from bond sale.

Section 21-21-11 - Proceeds from bond sale.

21-21-11. Proceeds from bond sale.

All proceeds from the sale of bonds under the Student Loan Act [21-21-1 NMSA 1978], except amounts set aside as reserves and the expenses of selling the bonds, which may also be paid from the proceeds, shall be deposited with the state treasurer for credit to the student loan fund.