3-25-4. Financing acquisition of gas or geothermal utility.
62 words·~1 min read·
/nm/chapter-3-municipalities/article-25-gas-utility/3-25-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The acquisition of facilities of a municipal gas or geothermal utility shall only be financed from funds received from the issuance and sale of bonds as authorized in Sections 3-30-5 through 3-30-8 and 3-31-1 through 3-31-12 NMSA 1978 except as provided in Section 3-23-4 NMSA 1978.
History: 1953 Comp., § 14-24-4, enacted by Laws 1965, ch. 300; 1985, ch. 81, § 5.