New Mexico § 73-21-31 Effect of election; subsequent elections

New Mexico Statutes

§ 73-21-31 — Effect of election; subsequent elections

New Mexico § 73-21-31

Ch. 73Special Districts

Art. 21Water and Sanitation Districts

This text of New Mexico § 73-21-31 (Effect of election; subsequent elections) 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. § 73-21-31 (2026).

Text

In the event that it appears from the returns that a majority of the qualified electors of the district have voted in favor of the ballot question, the district shall then be authorized to incur the indebtedness or the obligations, enter into the contract or issue and sell the bonds of the district, as the case may be, for the purpose and object provided for in the proposition submitted under the provisions of the Water and Sanitation District Act and in the resolution for them and in the amount so provided and at a rate of interest not exceeding the rate of interest recited in the resolution. Submission of the proposition of incurring such obligations or bonded or other indebtedness at an election shall not prevent or prohibit submission of it or other propositions at subsequent elections

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In the event that it appears from the returns that a majority of the qualified electors of the district have voted in favor of the ballot question, the district shall then be authorized to incur the indebtedness or the obligations, enter into the contract or issue and sell the bonds of the district, as the case may be, for the purpose and object provided for in the proposition submitted under the provisions of the Water and Sanitation District Act and in the resolution for them and in the amount so provided and at a rate of interest not exceeding the rate of interest recited in the resolution. Submission of the proposition of incurring such obligations or bonded or other indebtedness at an election shall not prevent or prohibit submission of it or other propositions at subsequent elections called for that purpose.