New Mexico § 3-4-8 - Income from property of a disincorporated municipality
Full text of New Mexico New Mexico Statutes Annotated § 3-4-8 — Income from property of a disincorporated municipality, with citation guidance and answers to common questions.
§ 3-4-8. Income from property of a disincorporated municipality
Money received from the operation of property of a disincorporated municipality shall
be used in the following priority: A. to pay employees engaged in the operation, maintenance and protection of the property; B. to pay the interest on the bonded indebtedness of the municipality; C. to purchase or redeem bonded indebtedness of the municipality; and D. after all bonded indebtedness has been paid, to support the public schools that
existed within the boundary of the municipality at the time of its disincorporation.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 3-4-8
What does New Mexico Statutes Annotated § 3-4-8 cover?
Section 3-4-8 ("Income from property of a disincorporated municipality") 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 § 3-4-8?
A common citation format is "New Mexico Statutes Annotated § 3-4-8" (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 § 3-4-8 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.