2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 32 Industrial Revenue Bonds
Section 3-32-5.1 Small communities; definition; attracting physicians.
3-32-5.1. Small communities; definition; attracting physicians.
It is the legislative intent that small communities have the power to issue municipal revenue bonds for the purpose of constructing office facilities for physicians as a method of attracting physicians. Therefore, for the purposes of Sections 3-32-3, 3-32-5 and Subsection F of Section 3-32-1 NMSA 1978, "small municipality" means an incorporated municipality having a population of less than fifteen thousand as shown by the last preceding official United States census. For limited purposes stated in this section, physicians offices are allowed even though the physicians operate as a profit-making enterprise.
History: 1978 Comp., 3-32-5.1, enacted by Laws 1981, ch. 45, 4.
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