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. History: 1953 Comp., § 14-30-2, enacted by Laws 1965, ch. 300. ANNOTATIONSCross references. — For use of municipal utility revenue, see 3-23-4 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 C.J.S. Municipal Corporations § 1934.
New Mexico Legal Code