None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof, shall ever be used or expended by said board for any purposes other than those for which authority is herein given.
History: 1941 Comp., § 55-2621, enacted by Laws 1947, ch. 119, § 9; 1953 Comp., § 73-27-23.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35.
14A C.J.S. Colleges and Universities § 14.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 11 - New Mexico Institute of Mining and Technology
Section 21-11-1 - Object; curriculum.
Section 21-11-3 - [New diplomas for qualified graduates.]
Section 21-11-4 - [Operations vested in board of regents; corporate powers; quorum.]
Section 21-11-5 - [Officers of board of regents; bond of secretary-treasurer.]
Section 21-11-6 - [Powers and duties of president of board of regents; president pro tem.]
Section 21-11-7 - [Duties of secretary-treasurer of board of regents.]
Section 21-11-8 - Powers and duties of board of regents.
Section 21-11-8.2 - Geophysical research center.
Section 21-11-8.3 - Energetic materials research and testing center established; function of center.
Section 21-11-8.4 - National cave and karst research institute created; purpose.
Section 21-11-8.6 - Technology research collaborative created; purpose.
Section 21-11-9 - [Departmental faculties.]
Section 21-11-10 - [Conferring degrees; granting diplomas.]
Section 21-11-11 - [Removal of officers, faculty members and employees.]
Section 21-11-12 - [Charges for assays and other services; disposition of amounts collected.]
Section 21-11-13 - [Designated the state's school of mines.]
Section 21-11-14 - [Preparatory department to be maintained.]
Section 21-11-15 - [Authority to borrow money; purposes.]
Section 21-11-16 - [Authority to issue and retire building and improvement bonds.]
Section 21-11-17 - Form and conditions of bonds.
Section 21-11-18 - [Sale of bonds; publication of notice; bids.]
Section 21-11-19 - [Permanent improvement and interest and retirement funds.]
Section 21-11-20 - [Interest and retirement fund established.]
Section 21-11-21 - [Pledge of income to retirement of bonds and payment of interest.]
Section 21-11-22 - [Forwarding of funds for payment of bonds and interest coupons.]
Section 21-11-23 - [Use of funds restricted to designated purposes.]
Section 21-11-25 - [Bonds designated serially.]