New Mexico Statutes
§ 62-13-13 — Deposits; interest
New Mexico·Ch. 62 Electric, Gas and Water Utilities·Art. 13 Public Utility Act Miscellaneous Provisions
Interest on deposits shall be set annually at a rate equal to the federal five-year treasury note rate as reported on the first day of the calendar year by the federal reserve board of governors and shall be paid on any deposit required of a consumer by any public utility as defined in Section 62-3-3 NMSA 1978 or by any telephone company as defined in Section 63-9-2 NMSA 1978 or by any waterworks organized under Chapter 62, Article 2 NMSA 1978.
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Legislative History
Laws 1979, ch. 292, § 1; 2004, ch. 100, § 1; 2005, ch. 336, § 1.
Nearby Sections
15
§ 62-1-1
[Incorporation.]§ 62-1-1.1
Foreign corporations; powers§ 62-1-5
[General powers.]§ 62-1-7
[Applicability.]§ 62-10-10
Depositions§ 62-10-11
Certified copies; evidence§ 62-10-12
Recording orders§ 62-10-13
Fees§ 62-10-14
Decisions§ 62-10-15
Repealed