New Mexico Statutes
§ 71-10-10 — Dissolution
The governing body of the county that formed the district and the governing bodies of any counties that have become part of the district may, by majority 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 creating jobs or fostering economic development. The assets and all debts and obligations of the district shall be transferred to and assumed by the counties as set forth in the unwinding or dissolution agreement.
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New Mexico § 71-10-10 (Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2020, ch. 78, § 10.
Nearby Sections
15
§ 71-10-1
Short title§ 71-10-10
Dissolution§ 71-10-11
Limitation of applicability§ 71-10-2
Definitions§ 71-10-3
Creation of a district§ 71-10-5
Authority; powers; duties§ 71-10-7
Bonding authority§ 71-10-8
Refunding bonds§ 71-2-10
Repealed§ 71-2-8
Confidentiality; penalty