2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 6 - Local Government Finances
Section 6-6-18 - Current year; disposition of funds.

All money collected from the tax schedule of any one year for county purposes or that should have been collected for that year for that purpose, whether it was placed on the tax schedule or not, except money collected for that year from assessments made for some special purpose and except for money deposited pursuant to the provisions of Section 6-6-19 NMSA 1978, shall constitute the fund for the current year.

History: Laws 1897, ch. 42, § 21; C.L. 1897, § 305; Code 1915, § 1233; C.S. 1929, § 33-4247; 1941 Comp., § 7-613; 1953 Comp., § 11-6-12; Laws 1989, ch. 276, § 2.

Cibola county entitled to federal "payment in lieu of taxes". — Cibola county, created in 1981 from the western portion of Valencia county, was entitled to a portion of the "payment in lieu of taxes" paid by the federal government to Valencia county to compensate the local governmental unit for loss of tax revenues from certain tax-exempt federal lands ("entitlement lands") located within local governmental boundaries. Board of Cnty. Comm'rs v. Board of Cnty. Comm'rs, 1986-NMSC-081, 105 N.M. 44, 728 P.2d 454.

School fund. — Money collected by taxes for school purposes constitutes a fund for schools for the current year. 1914 Op. Att'y Gen. No. 14-1307.

Indebtedness of several years for water or sewerage facilities not affected. — The Bateman Act (6-6-11 and 6-6-13 to 6-6-18 NMSA 1978) does not apply to the creation of an indebtedness for water or sewerage facilities for municipalities to cover a period of several years. 1920 Op. Att'y Gen. No. 20-2456.