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Section 5-7-4 - Use of proceeds of bond issue — New Mexico Law | CourtGPT
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  5. Article 7 - Fire District Bonds/
  6. Section 5-7-4 - Use of proceeds of bond issue
New Mexico Legal Code

Section 5-7-4 - Use of proceeds of bond issue

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It is unlawful to divert, use or expend any money received from the issuance of fire district bonds for any purpose other than the purposes for which the bonds were issued. History: Laws 1983, ch. 162, § 4.