There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 37: Municipal Finances, 3-37-1 through 3-37-7
Section 3-37-2: Finance; authorization.
NM Stat § 3-37-2 (1996 through 1st Sess 50th Legis) What's This?
3-37-2. Finance; authorization.
The governing body shall:
A. control the finances and property of the municipality;
B. appropriate money for municipal purposes only; and
C. provide for payment of debts and expenses of the municipality.
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