2011 New Mexico Statutes
Chapter 19: Public Lands
Article 4: Townsites, 19-4-1 through 19-4-42
Section 19-4-20: Disposition of proceeds.

19-4-20. Disposition of proceeds.

The proceeds received from the sale shall be disposed of as follows:

A. first, to pay the expenses of the sale;

B. second, to discharge any outstanding claims incurred in entering the townsite of the town; and

C. third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.