New Mexico Statutes

§ 73-25-6 — Powers of the district

New Mexico·Ch. 73 Special Districts·Art. 25 Regional Transit District

A. A district is a body politic and corporate. In addition to other powers granted to the district pursuant to the Regional Transit District Act, the district may:

(1)have perpetual existence, except as otherwise provided in the contract;
(2)sue and be sued;
(3)enter into contracts and agreements affecting the affairs of the district;
(4)establish, collect and increase or decrease fees, tolls, rates or charges for the use of property of a regional transit system financed, constructed, operated or maintained by the district; except that fees, tolls, rates or charges imposed for the use of a regional transit system shall be fixed and adjusted to pay for bonds issued by the district;
(5)pledge all or a portion of the revenues to the payment of bonds of the district;
(6)finance, construc

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Legislative History

Laws 2003, ch. 65, § 6.

Nearby Sections

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