There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 58 Economic Development Promotion
Section 3-58-2 Authority to utilize revenues.
NM Stat § 3-58-2 (2015) What's This?
3-58-2. Authority to utilize revenues.
The governing board of any municipality or county may budget and utilize revenues for economic development promotion only upon approval by a majority of all of the members of the governing board.
History: 1953 Comp., 14-59-2, enacted by Laws 1968, ch. 68, 2; 1981, ch. 80, 1.
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