There Is a Newer Version
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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 72: Water Law
Article 4: Surveys, Investigations and Adjudication of Rights, 72-4-1 through 72-4-20
Section 72-4-8: Water system cost paid from bond proceeds only.
Universal Citation:
NM Stat § 72-4-8 (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
necessarily the official citation.
72-4-8. Water system cost paid from bond proceeds only.
No county that undertakes to acquire or establish a water supply system under the authority of Sections 72-4-2 through 72-4-12 NMSA 1978 shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a water supply system. The entire cost of acquiring the system shall be paid out of the proceeds from the sale of water revenue bonds issued under the authority of Sections 72-4-2 through 72-4-12 NMSA 1978.
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