Section 17-1-21 - Proceeds from sale of bonds. - New Mexico Statutes

17-1-21. Proceeds from sale of bonds.

Proceeds from the sale of bonds issued under the Game and Fish Bond Act [17-1-16 NMSA 1978] 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.