New Mexico § 62-1-6 - Foreign municipal corporation; ownership; supervision
Full text of New Mexico New Mexico Statutes Annotated § 62-1-6 — Foreign municipal corporation; ownership; supervision, with citation guidance and answers to common questions.
§ 62-1-6. Foreign municipal corporation; ownership; supervision
A. Any municipal corporation located in another state and within twenty-five miles
of the boundary of the state of New Mexico that has heretofore acquired or hereafter
acquires property and facilities for the production, transmission and distribution
of electricity, a part of which property and facilities is located in New Mexico,
has full rights to own the property and facilities in New Mexico and to enjoy and
use the property and facilities in all respects as might a private owner situated
in New Mexico. The New Mexico public utility commission shall have general and exclusive power
and jurisdiction to regulate and supervise the rates charged and service regulations
made by such municipal corporations for electricity supplied by them to consumers
in New Mexico in the manner provided for regulation and supervision of rates and service
regulations for private corporations under the provisions of the Public Utility Act
to the same extent that it has now or hereafter may have jurisdiction over private
utility corporations, and to do all things necessary and convenient in the exercise
of that power and jurisdiction. The municipal corporation shall be subject to the laws of the state of New Mexico
now existing or hereafter amended or enacted as to foreign corporations, shall designate
a statutory agent resident in New Mexico upon whom process against the municipal corporation
may be served and may sue and be sued in this state as a foreign corporation. B. The state and its political subdivisions, notwithstanding any provisions contained
in Chapter 62, Article 1 NMSA 1978 , shall assess for taxation the property of any such foreign municipal corporation
and shall levy taxes against its property and facilities in New Mexico in the same
manner and to the same extent as electric properties owned by private corporations
are now or may hereafter be taxed in this state. C. The provisions of this section shall not operate to prevent a municipal corporation
located in another state and further than twenty-five miles from the boundary of the
state of New Mexico from owning any interest in a jointly owned generating facility.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 62-1-6
What does New Mexico Statutes Annotated § 62-1-6 cover?
Section 62-1-6 ("Foreign municipal corporation; ownership; supervision") 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 § 62-1-6?
A common citation format is "New Mexico Statutes Annotated § 62-1-6" (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 § 62-1-6 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.