It is the intent of the legislature by the passage of the Municipal Electric Generation Act to authorize municipalities which own municipal electric distribution systems on July 1, 1979 to acquire, own and dispose of any generating facility and any undivided or other interest, including without limitation any right to entitlement or capacity, in a jointly owned generating facility and to participate in the operation, maintenance and management of any such facility or contract with respect to the operation, maintenance and management of any such facility for the purpose of meeting present or future electric power and energy necessities.
History: 1978 Comp., § 3-24-12, enacted by Laws 1979, ch. 260, § 9.
ANNOTATIONSCross references. — For power of municipality to acquire and operate electric distribution systems, see 3-24-1 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 56 Am. Jur. 2d Municipal Corporations, Counties, and Other Political Subdivisions §§ 575 to 578.
63 C.J.S. Municipal Corporations §§ 959, 960, 1052.