New Mexico Statutes
§ 72-18-34 — Dissolution; disposition of remaining funds
New Mexico § 72-18-34
This text of New Mexico § 72-18-34 (Dissolution; disposition of remaining funds) 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. § 72-18-34 (2026).
Text
If the functions of a dissolved district are not continued, all funds remaining in the treasury of the district in excess of indebtedness, upon completion of the requirements for dissolution, and all taxes paid after dissolution, shall be divided among the municipalities and counties in which the district exists, pro rata, as the latest confirmed assessed value of the taxable property in the parts of the district lying in each municipality and each unincorporated portion of each county bear [bears] to the total latest confirmed assessed value of the taxable property in the district.
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Legislative History
Laws 1981, ch. 377, § 34.
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 § 72-18-34, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-18-34.