2020 New Mexico Statutes
Chapter 4 - Counties
Article 49 - Bonds for Courthouses, Jails, Bridges, Hospitals and Libraries
Section 4-49-6 - Legislative declaration; necessary public buildings and public projects.

Universal Citation: NM Stat § 4-49-6 (2020)

The legislature declares that courthouses, jails, bridges, hospitals, public libraries, facilities for the holding of county fairs, cultural facilities, juvenile detention homes, athletic facilities, parking structures, administrative facilities, facilities for housing equipment, repairing equipment and servicing equipment and sewerage facilities are necessary public buildings, and the purchase of books or other library resources, construction or repair of public roads, construction and acquisition of water, sewer or sanitary landfill systems and airports are necessary public projects.

History: 1953 Comp., § 15-49-6.1, enacted by Laws 1973, ch. 400, § 1; 1975, ch. 84, § 1; 1976, ch. 42, § 1; 1979, ch. 137, § 1; 1983, ch. 184, § 2; 1985, ch. 50, § 1; 1991, ch. 89, § 1.

ANNOTATIONS

Cross references. — For hospital funding, see 4-48B-1 NMSA 1978 et seq.

For restrictions on county indebtedness, see N.M. Const., art. IX, § 10.

For bonds for juvenile detention homes, see 33-6-1, 33-6-2 NMSA 1978.

The 1991 amendment, effective June 14, 1991, inserted "the purchase of books or other library resources" near the end of the section and made a minor stylistic change.

Proper expenditures from bond proceeds. — In addition to actual construction-related costs, the proceeds of general obligation bond issues of a county may be expended only for the purchase of the construction site and for equipment which becomes an integral part of the building being constructed (i.e., fixtures) or which is of a permanent or nondepletable nature and reasonably necessary to the use of the building for its intended purpose (e.g., beds, mattresses and other permanent furnishings). 1980 Op. Att'y Gen. No. 80-02.

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