New Mexico § 67-3-58 - Allotment of appropriation
Full text of New Mexico New Mexico Statutes Annotated § 67-3-58 — Allotment of appropriation, with citation guidance and answers to common questions.
§ 67-3-58. Allotment of appropriation
From the money appropriated in Section 67-3-57 NMSA 1978 , the state treasurer shall set aside each month out of the funds prescribed by law
for the payment thereof a sufficient sum to pay the interest accrued each month on
each series of state highway debentures then outstanding and, during the twelve months
next preceding the maturity of each series of such debentures, he shall set aside
from said funds sufficient money to provide for the payment of the principal thereof
at maturity. The money so set aside shall be disbursed by the state treasurer only for the payment
of the principal and interest of the series of the state highway debentures for which
the money is set aside. The remainder of the money appropriated in Section 67-3-57 NMSA 1978 shall be disbursed upon the order of the state transportation commission or its duly
authorized agent in the manner provided by law for disbursement of money in the state
road fund.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-3-58
What does New Mexico Statutes Annotated § 67-3-58 cover?
Section 67-3-58 ("Allotment of appropriation") 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 § 67-3-58?
A common citation format is "New Mexico Statutes Annotated § 67-3-58" (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 § 67-3-58 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.