New Mexico Statutes

§ 3-24-17 — Application of municipal money or property

New Mexico·Ch. 3 Municipalities·Art. 24 Electric Utility
No money or other property supplied by a municipality for the acquisition, operation, maintenance or management of a jointly owned generating facility in which the municipality has any interest shall be credited or otherwise applied to the account of any other joint participant.

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Legislative History

1978 Comp., § 3-24-17, enacted by Laws 1979, ch. 260, § 14.

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