New Mexico Statutes
§ 76-7-22 — Termination of the affairs of the district
New Mexico § 76-7-22
This text of New Mexico § 76-7-22 (Termination of the affairs of the district) 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. § 76-7-22 (2026).
Text
If the results of the election require the dissolution of the district and there is not on hand sufficient money to pay off all claims against the district and if the annual assessments already levied will not provide sufficient funds for the payment of claims, the board shall have the authority to levy and cause to be collected further annual assessments but only in an amount as may be necessary to settle the claims against the district. Any money remaining on hand after all claims have been settled shall be paid over rateably to the county treasurer of each county in which the district lies in the proportion which the territory in each county bears to the total area of the district, and shall be placed by the treasurer in the general fund of the county.
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Legislative History
1953 Comp., § 45-10-23, enacted by Laws 1959, ch. 243, § 22.
Nearby Sections
15
§ 76-1-5
Veterinary student interns§ 76-10-10
[Exemptions.]§ 76-10-11
Short title§ 76-10-12
Definitions§ 76-10-13
Label requirements§ 76-10-14
Prohibitions§ 76-10-15
Records§ 76-10-16
Exemptions§ 76-10-17
Seed certificationCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 76-7-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/76/76-7-22.