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New Mexico Statutes Chapter 6. Public Finances § 6-25-10. Use of project revenue bond proceeds

Current as of January 01, 2024 | Updated by Findlaw Staff

The proceeds from the sale of project revenue bonds issued pursuant to the Statewide Economic Development Finance Act shall be applied only for the purpose for which the bonds were issued and costs related to the project. The cost of any project shall include the following:

A. all expenses in connection with the authorization, sale and issuance of the bonds; and

B. capitalized interest on the bonds for a reasonable time.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 6. Public Finances § 6-25-10. Use of project revenue bond proceeds - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-6-public-finances/nm-st-sect-6-25-10/

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