New Mexico § 5-10-11 - Project revenues; special fund; annual audit
Full text of New Mexico New Mexico Statutes Annotated § 5-10-11 — Project revenues; special fund; annual audit, with citation guidance and answers to common questions.
§ 5-10-11. Project revenues; special fund; annual audit
A. Local or regional government revenues dedicated or pledged for public support for
economic development projects shall be deposited in a separate account. Separate accounts shall be established for each separate project. Money in the special account shall be expended only for economic development project
purposes, which may include the payment of necessary professional services contract
costs. B. In the case of a regional government, revenues of each local government dedicated
or pledged for economic development purposes shall be deposited in a special account
of that local government and may be expended only by that local government as provided
by the regional government's economic development plan and joint powers agreement. C. The local or regional government shall provide for an annual independent audit
in accordance with the Audit Act of each special fund and project account. The audit shall be submitted to the local or regional government. The audit is a public record.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-10-11
What does New Mexico Statutes Annotated § 5-10-11 cover?
Section 5-10-11 ("Project revenues; special fund; annual audit") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 5-10-11?
A common citation format is "New Mexico Statutes Annotated § 5-10-11" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 5-10-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.