There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 34: Street Improvement Fund, 3-34-1 through 3-34-5
Section 3-34-2: Street improvement fund; use.
Universal Citation:
NM Stat § 3-34-2 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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3-34-2. Street improvement fund; use.
Bonds or assignable certificates authorized in Section 3-33-24 NMSA 1978 for the construction of a street, alley, curb, gutter or sidewalk project may be purchased by the street improvement fund; provided that the bonds or assignable certificates shall be held in trust by the municipal treasurer, and any receipts from the sale of the bonds or assignable certificates or from the payment of the assessment made to pay the interest and principal of the bonds or assignable certificates shall be credited to the street improvement fund.
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