N.M. Stat. § 23-1-11
This is the official text of N.M. Stat. § 23-1-11, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 23-1-11. Payment of pensions from excess of income from donated lands only
Official statutory text
That all pensions provided by this act shall be payable solely out of the income or current fund of the institution paying such pensions derived from the renting of lands of such institution donated by the United States of America, over and above such portion of such current income as may be necessary to service any bond issue of such institution heretofore lawfully issued, and no part of such pensions shall be paid out of the permanent fund of such institution, nor out of funds raised by general taxation.
Status: in_force
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