N.M. Stat. § 6-1-4

Current through 2024, ch. 69

Section 6-1-4 - Loans or grants obtained by political subdivisions; application of proceeds

Any municipal corporation or other political subdivision obtaining a loan or grant shall apply the proceeds thereof only for the purposes stated by the state board of finance in its action approving the loan or grant.

NMS § 6-1-4

1953 Comp., § 11-1-1.3, enacted by Laws 1959, ch. 139, § 3; 1973, ch. 92, § 3.