New Mexico Statutes

§ 73-16-2 — Preliminary fund

New Mexico·Ch. 73 Special Districts·Art. 16 Conservancy Districts; Financial Administration
A.As soon as any district shall have been organized under this act and a board shall have been appointed and qualified, such board shall have the power and authority to fix the amount of a uniform assessment upon the property within the district not to exceed six (6) mills for every dollar of assessed valuation thereof, as a level rate to be used for the purpose of paying the expenses of organization, of assessing benefits and damages, for surveys and plans and for other incidental expenses which may have been incurred prior to the time when money is received from the sale of bonds or otherwise.
B.The said assessment shall be levied by resolution of the board; shall be known as the preliminary fund assessment; and the amount of assessment shall be certified to the boards of county commis

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Legislative History

Laws 1927, ch. 45, § 502; C. S. 1929, § 30-502; 1941 Comp., § 77-2902; 1953

Nearby Sections

15
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