Use of district funds to pay contract indebtedness.

  1. Law
  2. New Mexico Statutes
  3. Special Districts
  4. Conservancy Districts; Reclamation Contracts
  5. Use of district funds to pay contract indebtedness.

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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.

History: Laws 1939, ch. 148, § 16; 1941 Comp., § 77-3116; 1953 Comp., § 75-32-16.

ANNOTATIONS

Compiler's notes. — For the meaning of "Conservancy Act", see the compiler's notes to 73-18-1 NMSA 1978.

Cross references. — For preliminary, construction, maintenance and general funds, see 73-16-1 NMSA 1978.

For conservation and development fund, see 73-16-32 NMSA 1978.

For guarantee fund, see 73-16-41 NMSA 1978.


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