N.M. Stat. § 72-14-14

Current through 2024, ch. 69

Section 72-14-14 - Revenues from bonds to be applied to cost of projects and associated expenses

All money received from any bonds issued pursuant to Sections72-14-9 through 72-14-28 NMSA 1978 shall be applied solely to the payment of the cost of the project or to the appurtenant debt service fund, and there is created and granted a lien upon such money until so applied in favor of the holders of the bonds or the trustee provided for in respect of such bonds.

NMS § 72-14-14

1953 Comp., § 75-34-14, enacted by Laws 1955, ch. 266, § 6; 1997, ch. 241, § 7; 1997, ch. 246, § 7.