New Mexico § 3-34-4 Street improvement fund; diverting proceeds from tax

New Mexico Statutes

§ 3-34-4 — Street improvement fund; diverting proceeds from tax

New Mexico § 3-34-4

Ch. 3Municipalities

Art. 34Street Improvement Fund

This text of New Mexico § 3-34-4 (Street improvement fund; diverting proceeds from tax) 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. § 3-34-4 (2026).

Text

After the adoption of the ordinance creating a contract as authorized in Section 3-34- 3 NMSA 1978, and so long as the contract is effective, it is unlawful: A. to, directly or indirectly, divert any such amounts of tax revenue directed to be credited to the street improvement fund; and B. without the written approval of the secretary of finance and administration, for the governing body or any municipal employee to expend any money from the street improvement fund for any purpose other than the performance of the contract.

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After the adoption of the ordinance creating a contract as authorized in Section 3-34- 3 NMSA 1978, and so long as the contract is effective, it is unlawful: A. to, directly or indirectly, divert any such amounts of tax revenue directed to be credited to the street improvement fund; and B. without the written approval of the secretary of finance and administration, for the governing body or any municipal employee to expend any money from the street improvement fund for any purpose other than the performance of the contract.