New Mexico § 3-50-4 Creation of parking authorities

New Mexico Statutes

§ 3-50-4 — Creation of parking authorities

New Mexico § 3-50-4

Ch. 3Municipalities

Art. 50Municipal Parking

This text of New Mexico § 3-50-4 (Creation of parking authorities) 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. § 3-50-4 (2026).

Text

Every city, in addition to other powers conferred by the Municipal Parking Law, shall have power and may by proper ordinance of its governing body: A. create as an agent of the city, an authority to be known as the "parking authority" of the city; B. delegate to said authority any or all of the powers conferred on the city by the Municipal Parking Law, except the power to issue bonds and purchase real property; and C. prescribe the number of members of said authority, the term of office of said members, their appointment and removal and the powers, rights and duties which they shall have and exercise. Said ordinance shall provide that the authority shall file with the governing body of the city, a detailed report of all its transactions, including a statement of all revenues and expenditur

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Every city, in addition to other powers conferred by the Municipal Parking Law, shall have power and may by proper ordinance of its governing body: A. create as an agent of the city, an authority to be known as the "parking authority" of the city; B. delegate to said authority any or all of the powers conferred on the city by the Municipal Parking Law, except the power to issue bonds and purchase real property; and C. prescribe the number of members of said authority, the term of office of said members, their appointment and removal and the powers, rights and duties which they shall have and exercise. Said ordinance shall provide that the authority shall file with the governing body of the city, a detailed report of all its transactions, including a statement of all revenues and expenditures at quarterly, semiannual or annual intervals as the governing body may prescribe.