{"data":{"id":"us-nm/6-1-4","jurisdiction":"us-nm","citation":"6-1-4","heading":"Loans or grants obtained by political subdivisions; application of proceeds.","body":"Any municipal corporation or other political subdivision obtaining a loan or grant shall apply the proceeds thereof only for the purposes stated by the state board of finance in its action approving the loan or grant.","path":["Chapter 6 - Public Finances","ARTICLE 1 State Board of Finance"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"ba3f6eace32828b20714624cc9e40dad32cef227c3ac4a72fc232ee1697165f5","source_id":"us-nm","stale":false,"prev":"us-nm/6-1-3","next":"us-nm/6-1-5"},"notice":"GroundRules: Original legal text. Not legal advice."}