New Mexico Statutes

§ 72-4A-9.1 — Acequia project fund

New Mexico § 72-4A-9.1
JurisdictionNew Mexico
Ch. 72Water Law
Art. 4AWater Project Finance

This text of New Mexico § 72-4A-9.1 (Acequia project 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. § 72-4A-9.1 (2026).

Text

The "acequia project fund" is created in the state treasury. The fund shall consist of money appropriated, donated or otherwise accrued to the fund. The fund shall be administered by the authority. Income from investment of money in the acequia project fund shall be credited to the fund. Balances in the fund at the end of any fiscal year shall not revert to the general fund. The acequia project fund may consist of such subaccounts as the authority deems necessary to carry out the purposes of the fund. The authority may establish procedures and adopt rules as required to administer the fund and to recover from the fund costs of administering the fund. Money in the acequia project fund may be used to make grants to acequias for any project approved by the legislature.

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Legislative History

Laws 2004, ch. 85, § 1.

Nearby Sections

15
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Bluebook (online)
New Mexico § 72-4A-9.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-4A-9.1.