New Mexico Statutes
§ 5-20-10 — Dissolution
The municipality and county that formed the district and any counties, municipalities, Indian nations, tribes or pueblos that have become part of the district may, by unanimous vote, agree to unwind and dissolve the district and dismiss the authority members if they find the district is not meeting the needs of the community in managing airport operations, creating jobs or fostering economic development. The assets and all debts and obligations of the district shall be transferred to and assumed by the county or municipality as set forth in the unwinding or dissolution agreement.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 5-20-10 (Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2019, ch. 13, § 10.
Nearby Sections
15
§ 5-10-1
Short title§ 5-10-12
Plan and project termination§ 5-10-13
Limitations§ 5-10-14
Local Economic Development Act fund§ 5-10-2
Findings and purpose of act§ 5-10-3
Definitions