There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 73: Special Districts
Article 8: Drainage Districts Within Federal Reclamation Projects, 73-8-1 through 73-8-60
Section 73-8-34: Incurrence of unauthorized debt prohibited.
NM Stat § 73-8-34 (1996 through 1st Sess 50th Legis) What's This?
73-8-34. [Incurrence of unauthorized debt prohibited.]
The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
