New Mexico § 62-21-9 Plan and project termination; deposit of unexpended funds

New Mexico Statutes

§ 62-21-9 — Plan and project termination; deposit of unexpended funds

New Mexico § 62-21-9

Ch. 62Electric, Gas and Water Utilities

Art. 21Essential Services Development

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Bluebook

N.M. Stat. Ann. § 62-21-9 (2026).

Text

in general fund.

A.At any time after approval of an essential services development plan, the governing body of the local government or the governing body of each local government in a regional government may enact an ordinance terminating the plan and dissolving or terminating any public support for essential services projects.

B.Any unexpended and unencumbered balance remaining in a local or regional government's special fund or account upon repeal of an essential services plan and termination of public support for or dissolution of a project shall be returned to the state treasurer, who shall deposit the returned amount in the general fund.

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in general fund. A. At any time after approval of an essential services development plan, the governing body of the local government or the governing body of each local government in a regional government may enact an ordinance terminating the plan and dissolving or terminating any public support for essential services projects. B. Any unexpended and unencumbered balance remaining in a local or regional government's special fund or account upon repeal of an essential services plan and termination of public support for or dissolution of a project shall be returned to the state treasurer, who shall deposit the returned amount in the general fund.