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Code · New Mexico · Chapter 3 — Municipalities · Article 37 — Municipal Finances

3-37-2. Finance; authorization.

43 words·~1 min read·/nm/chapter-3-municipalities/article-37-municipal-finances/3-37-2·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The governing body shall:
A. control the finances and property of the municipality;
B. appropriate money for municipal purposes only; and
C. provide for payment of debts and expenses of the municipality.
History: 1953 Comp., § 14-36-2, enacted by Laws 1965, ch. 300.
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