New Mexico Statutes Chapter 3. Municipalities § 3-38-25. Maintaining revenue dedication
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Search New Mexico Statutes
Search by Keyword or Citation
If a municipality or county has dedicated any amount of revenue attributable to a tax imposed pursuant to the Lodgers' Tax Act, the municipality or county shall continue to dedicate the same amount of revenue attributable to the tax until the ordinance dedicating the revenue expires, the term of the dedication expires, the governing body acts to change the dedication or, in the case of bonded indebtedness, the debt is fully discharged or otherwise provided for in full.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 3. Municipalities § 3-38-25. Maintaining revenue dedication - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-3-municipalities/nm-st-sect-3-38-25.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?