{"data":{"id":"us-nm/5-4-15","jurisdiction":"us-nm","citation":"5-4-15","heading":"Proceeds not to be divested [diverted]; exclusions of this act.","body":"A. Any person diverting or expending money received from the sale of recreational revenue bonds for any purpose other than those purposes authorized in Section 5-4-10 NMSA 1978, is guilty of a misdemeanor.\nB. The provisions of Sections 5-4-10 through 5-4-15, 7-12-2, 7-12-6 and 7-12-14 [repealed] NMSA 1978 do not apply to any municipality that issued bonds pursuant to the authority granted by Chapter 151 [repealed] of the Laws of 1953 until the bonds have been fully paid.","path":["Chapter 5 - Municipalities and Counties","ARTICLE 4 Playgrounds and Recreational Equipment"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18447/index.do","current_through":"2025-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"2f09fbe331e8b2b96b8ed983b5ce0200bb2f04cb7b164a844c9e0f739ba1c7da","source_id":"us-nm","stale":false,"prev":"us-nm/5-4-14","next":"us-nm/5-4-16"},"notice":"GroundRules: Original legal text. Not legal advice."}