New Mexico § 3-34-1 Street improvement fund authorization

New Mexico Statutes

§ 3-34-1 — Street improvement fund authorization

New Mexico § 3-34-1

Ch. 3Municipalities

Art. 34Street Improvement Fund

This text of New Mexico § 3-34-1 (Street improvement fund authorization) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 3-34-1 (2026).

Text

The governing body of any municipality may, by ordinance, establish a "street improvement fund" into which may be placed all or any part of the distributions of the amounts of tax revenues distributed to the municipality under the provisions of Section 7-1-6.9 NMSA 1978 as the governing body has, in any ordinance, determined necessary for use as a fund in the financing of street improvement projects within the municipality.

Free access — add to your briefcase to read the full text and ask questions with AI

The governing body of any municipality may, by ordinance, establish a "street improvement fund" into which may be placed all or any part of the distributions of the amounts of tax revenues distributed to the municipality under the provisions of Section 7-1-6.9 NMSA 1978 as the governing body has, in any ordinance, determined necessary for use as a fund in the financing of street improvement projects within the municipality.