New Mexico § 73-18-16 Use of district funds to pay contract indebtedness

New Mexico Statutes

§ 73-18-16 — Use of district funds to pay contract indebtedness

New Mexico § 73-18-16

Ch. 73Special Districts

Art. 18Conservancy Districts; Reclamation Contracts

This text of New Mexico § 73-18-16 (Use of district funds to pay contract indebtedness) 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. § 73-18-16 (2026).

Text

There may be used to pay indebtedness to the United States created by a reclamation contract, as the same may become due, the preliminary fund, construction fund, maintenance fund, guarantee fund or conservation and development fund, or any one or more of said funds, provided for by the Conservancy Act, of any contracting district within the provisions of Section 5 (B) [73-18-5 B NMSA 1978] of this act.

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There may be used to pay indebtedness to the United States created by a reclamation contract, as the same may become due, the preliminary fund, construction fund, maintenance fund, guarantee fund or conservation and development fund, or any one or more of said funds, provided for by the Conservancy Act, of any contracting district within the provisions of Section 5 (B) [73-18-5 B NMSA 1978] of this act.