There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 24: Electric Utility, 3-24-1 through 3-24-18
Section 3-24-17: Application of municipal money or property.
NM Stat § 3-24-17 (1996 through 1st Sess 50th Legis) What's This?
3-24-17. Application of municipal money or property.
No money or other property supplied by a municipality for the acquisition, operation, maintenance or management of a jointly owned generating facility in which the municipality has any interest shall be credited or otherwise applied to the account of any other joint participant.
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