New Mexico Statutes
§ 4-59-10 — No contribution by county
New Mexico § 4-59-10
This text of New Mexico § 4-59-10 (No contribution by county) 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. § 4-59-10 (2026).
Text
No county shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project, and shall not have the power to use land, already owned by the county or in which the county has an equity, for construction of a project or any part of it, unless the county is fully reimbursed for the value of the land as may be determined by a current appraisal or unless the county leases the land at an annual rental fee of not less than five percent of the appraised value. The entire cost of acquiring any project must be paid out of the proceeds from the sale of bonds issued under the authority of the County Industrial Revenue Bond Act. This section shall not be construed to prevent a county from accepting donations of property to be used as a part of any
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 15-60-10, enacted by Laws 1975, ch. 286, § 10.
Nearby Sections
15
§ 4-1-2
[Change in south boundary.]§ 4-10-1
[County boundaries.]§ 4-10-2
[County seat.]§ 4-11-1
[County boundaries.]§ 4-11-2
[County seat; buildings.]§ 4-11-3
[Bonds for courthouse and jail.]§ 4-12-1
[County boundaries.]§ 4-12-2
[County seat; buildings.]§ 4-13-1
[County boundaries.]§ 4-13-2
[County seat; buildings.]§ 4-13-3
[Courthouse and jail bonds.]§ 4-14-1
[Original county boundaries.]§ 4-14-2
[Changes in western boundary.]§ 4-15-1
[Los Alamos county; boundaries.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 4-59-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/4/4-59-10.