N.M. Stat. § 21-3-20
§ 21-3-20. Income of permanent land funds of New Mexico highlands university pledged
Year: 2026Length: 113 words
That from and after the passage and approval of this act [ 21-3-13 , 21-3-14 , 21-3-16 through 21-3-28 NMSA 1978 ], all permanent funds thereafter derived from the sale or disposition of the lands held in trust for New Mexico normal university [New Mexico highlands university] shall be invested in the same manner as other permanent funds of the state of New Mexico are authorized to be invested, the income from which shall likewise form a part of the pledged income for the payment of principal and interest of bonds issued by the board of regents of the New Mexico normal university [New Mexico highlands university] under the provisions of this act.