5-7-4. Use of proceeds of bond issue.
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/nm/chapter-5-municipalities-and-counties/article-7-fire-district-bonds/5-7-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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, § 4.