New Mexico Statutes
§ 72-16-25 — Sinking fund
New Mexico § 72-16-25
This text of New Mexico § 72-16-25 (Sinking fund) 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. § 72-16-25 (2026).
Text
Whenever any indebtedness has been incurred by the authority, it shall be lawful for the board to levy taxes and to collect revenue for the purpose of creating a reserve fund in such amount as the board may determine, which may be used to meet the obligations of the authority, for maintenance and operating charges and depreciation, and to provide improvements for the authority.
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Legislative History
1953 Comp., § 75-36-25, enacted by Laws 1963, ch. 311, § 25.
Nearby Sections
15
§ 72-1-1
Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
Pecos river basin land management fund§ 72-1-6
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Bluebook (online)
New Mexico § 72-16-25, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-16-25.