2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 34 Street Improvement Fund
Section 3-34-1 Street improvement fund authorization.
3-34-1. Street improvement fund authorization.
The governing body of any municipality may, by ordinance, establish a "street improvement fund" into which may be placed all or any part of the distributions of the amounts of tax revenues distributed to the municipality under the provisions of Section 7-1-6.9 NMSA 1978 as the governing body has, in any ordinance, determined necessary for use as a fund in the financing of street improvement projects within the municipality.
History: 1953 Comp., 14-33-1, enacted by Laws 1965, ch. 300; 1967, ch. 170, 1; 1977, ch. 342, 1; 1983, ch. 211, 1.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.