Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 62 - Revenue Bonds, 4-62-1 through 4-62-10. > Section 4-62-2 - Use of proceeds of bond issue.

Section 4-62-2 - Use of proceeds of bond issue.

4-62-2. Use of proceeds of bond issue.

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.