2015 New Mexico Statutes
Chapter 4 - Counties
Section 33 Creation or Change of Counties
Section 4-33-7 Effective date of annexation; effect of outstanding indebtedness.
4-33-7. [Effective date of annexation; effect of outstanding indebtedness.]
If the proposition carries, the area described in the petition shall be and become a part of the county to which annexation was made on January 1 of the next odd-numbered year. Provided that whenever there shall be any outstanding indebtedness of the county or school district in which such area was originally located, the annexation shall not be complete for debt service purposes until such indebtedness is discharged in full.
History: 1941 Comp., 15-3311, enacted by Laws 1947, ch. 196, 7; 1953 Comp., 15-33-7.
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.
