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, ยง 4.
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 7 - Fire District Bonds
Section 5-7-4 - Use of proceeds of bond issue.
Section 5-7-5 - Fire district bonds; terms.
Section 5-7-6 - Ordinance authorizing fire district bonds; two-thirds majority required.
Section 5-7-7 - Fire district bonds not general county or municipal obligations; authentication.