Proceeds from the sale of bonds issued under the Game and Fish Bond Act shall be deposited in a special fund in the state treasury and used solely for the purposes for which the bonds were authorized. The cost of preparing, advertising and selling the bonds, including any necessary expense for financial and legal services, shall be paid out of the proceeds. Purchasers of the bonds are not responsible in any way for the application of the proceeds.
History: 1978 Comp., § 17-1-21, enacted by Laws 1964 (1st S.S.), ch. 18, § 6.
Structure New Mexico Statutes
Chapter 17 - Game and Fish and Outdoor Recreation
Article 1 - State Game Commission
Section 17-1-1 - [Declaration of policy.]
Section 17-1-2 - State game commission; appointment; term.
Section 17-1-3 - Members to serve without compensation; per diem and mileage.
Section 17-1-4 - [Organization; annual and called meetings; secretary.]
Section 17-1-5.1 - Conservation services division; duties.
Section 17-1-6 - [Transfer of duties and obligations.]
Section 17-1-7 - [Position of reserve conservation officer created.]
Section 17-1-8 - [Qualifications of reserve conservation officers.]
Section 17-1-9 - Powers and duties of reserve conservation officers.
Section 17-1-10 - [Issuance of reserve conservation officer commissions; revocation.]
Section 17-1-11 - Conservation officers; official duties; insurance.
Section 17-1-13 - [Seal of director.]
Section 17-1-15 - Disbursement of money; limitation on expenditures.
Section 17-1-16 - Short title.
Section 17-1-17 - Purpose of act.
Section 17-1-18 - Bonding authority.
Section 17-1-19 - Bonds; form; terms.
Section 17-1-20 - Sale of bonds.
Section 17-1-21 - Proceeds from sale of bonds.
Section 17-1-22 - Security; retirement of bonds.
Section 17-1-23 - Construction.
Section 17-1-24 - Tax exemptions.
Section 17-1-27 - [Hearings on rules and regulations; petition; publication of notice of hearing.]
Section 17-1-28 - [Assent to act of congress concerning wildlife restoration projects.]
Section 17-1-29 - [Distribution of moneys received from United States government.]