New Mexico § 16-2-25 - Proceeds from sale of bonds
Full text of New Mexico New Mexico Statutes Annotated § 16-2-25 — Proceeds from sale of bonds, with citation guidance and answers to common questions.
§ 16-2-25. Proceeds from sale of bonds
Proceeds from the sale of bonds issued under this State Park and Recreation Bond Act
shall be deposited in a special fund in the state treasury and used solely for the
purpose for which the bonds were authorized. Purchasers of the bonds are not responsible in any way for the application of the
proceeds. 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.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 16-2-25
What does New Mexico Statutes Annotated § 16-2-25 cover?
Section 16-2-25 ("Proceeds from sale of bonds") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 16-2-25?
A common citation format is "New Mexico Statutes Annotated § 16-2-25" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 16-2-25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.