New Mexico § 67-3-59.2 - Highway infrastructure fund created; purpose
Full text of New Mexico New Mexico Statutes Annotated § 67-3-59.2 — Highway infrastructure fund created; purpose, with citation guidance and answers to common questions.
§ 67-3-59.2. Highway infrastructure fund created; purpose
A. The “highway infrastructure fund” is created in the state treasury and shall be
administered by the department. The fund shall consist of money from various fees and taxes distributed to the fund. Earnings on investment of the fund shall be credited to the fund. Balances in the fund at the end of any fiscal year shall not revert and shall remain
in the fund for the purposes authorized in this section. B. Money in the fund shall be used solely for acquisition of rights of way or planning,
design, engineering, construction or improvement of state highway projects authorized
pursuant to the provisions of Laws 1998, Chapter 84, Subsections C through H of Section
1 of Chapter 85 of Laws 1998, Laws 2003 (1st S.S.), Chapter 3, Sections 27 and 28,
Laws 2020 (1st S.S.), Chapter 3, Section 8 and Section 1 of this 2021 act and is appropriated
to the department for expenditure for those purposes. C. The taxes and fees required by law to be distributed to the highway infrastructure
fund may be pledged for the payment of bonds issued pursuant to Sections 67-3-59.1 , 67-3-59.3 and 67-3-59.4 NMSA 1978 , Laws 2020 (1st S.S.), Chapter 3, Section 8 and Section 1 of this 2021 act for the
highway projects authorized in the laws specified in Subsection B of this section.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-3-59.2
What does New Mexico Statutes Annotated § 67-3-59.2 cover?
Section 67-3-59.2 ("Highway infrastructure fund created; purpose") 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 § 67-3-59.2?
A common citation format is "New Mexico Statutes Annotated § 67-3-59.2" (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 § 67-3-59.2 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.