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2015 New Mexico Statutes
Chapter 72 - Water Law
Section 19 Southern Sandoval County Flood Control
Section 72-19-57 Capitalization of costs.

NM Stat § 72-19-57 (2015) What's This?

72-19-57. Capitalization of costs.

Any resolution authorizing the issuance of securities or other instrument appertaining thereto may capitalize interest on any securities during any period of construction or other acquisition estimated by the board and one year thereafter and any other cost of any project by providing for the payment of the amount capitalized from the proceeds of the securities.

History: Laws 1990, ch. 14, 57.

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