Statutes > New Mexico Statutes > Chapter 73 - Special Districts. > Article 27 - Eastern New Mexico Water Utility Authority, 73-27-1 through 73-27-19. > Section 73-27-10 - Use of proceeds of revenue bond issue.

Section 73-27-10 - Use of proceeds of revenue bond issue.

73-27-10. Use of proceeds of revenue bond issue.

It is unlawful to divert, use or expend any money received from the issuance of revenue bonds for any purpose other than the purpose for which the revenue bonds were issued.