New Mexico § 11-1-4 - Terms and conditions of joint agreements
Full text of New Mexico New Mexico Statutes Annotated § 11-1-4 — Terms and conditions of joint agreements, with citation guidance and answers to common questions.
§ 11-1-4. Terms and conditions of joint agreements
A. Every agreement executed by one or more public agencies shall clearly specify the
purpose of the agreement or for any power which is to be exercised. The agreement shall provide for the method by which the purpose will be accomplished
and the manner in which any power will be exercised under such agreement. B. The parties to the agreement may provide therein that: (1) contributions from the funds of the public agencies may be made for the purpose
set forth in the agreement; or (2) payments of public funds may be made to defray cost of such agreement; or (3) advances of public funds of the public agencies be made for the purpose set forth
in the agreement and that such advances be repaid as provided in such agreement. C. The agreement may provide that funds be paid to and disbursed by the agency agreed
upon by the public agencies under the terms of the agreement. D. The agreement shall provide for strict accountability of all receipts and disbursements. E. The agreement may be continued for a definite term or until rescinded or terminated,
and may provide for the method by which it may be rescinded or terminated by any party. F. The agreement shall provide for the disposition, division or distribution of any
property acquired as the result of the joint exercise of powers, and shall further
provide that after the completion of the agreement's purpose any surplus money on
hand shall be returned in proportion to the contributions made. G. If the purpose set forth in [the] agreement is the acquisition, construction or
operation of a revenue-producing facility, the agreement may provide: (1) for the repayment or return to the parties of all or any part of any contributions,
payments or advancements made by the parties pursuant to such agreement; and (2) for payment to the parties of any sum derived from the revenues of such facilities. H. Payments, repayments or returns to a public agency shall be made at the time and
in the manner specified in the agreement.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 11-1-4
What does New Mexico Statutes Annotated § 11-1-4 cover?
Section 11-1-4 ("Terms and conditions of joint agreements") 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 § 11-1-4?
A common citation format is "New Mexico Statutes Annotated § 11-1-4" (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 § 11-1-4 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.