New Mexico § 3-4-9 - Disincorporation; insufficient income to pay obligations; levy of tax; duty vested in board of county commissioners
Full text of New Mexico New Mexico Statutes Annotated § 3-4-9 — Disincorporation; insufficient income to pay obligations; levy of tax; duty vested in board of county commissioners, with citation guidance and answers to common questions.
§ 3-4-9. Disincorporation; insufficient income to pay obligations; levy of tax; duty vested in board of county commissioners
If insufficient money is received from the operation of the property of the disincorporated
municipality to pay the obligations in the order designated in Section 3-4-8 NMSA 1978 , the board of county commissioners shall levy a tax on all taxable property within
the boundary of the municipality at the time of its disincorporation. This tax shall be sufficient to pay the obligations incurred in the operation of
the property of the municipality and to comply with the terms and conditions of the
evidences of the bonded indebtedness. The board of county commissioners shall, without charge, perform the duties of the
governing body of the disincorporated municipality to satisfy the terms of the bonds,
obligations or contracts of the disincorporated municipality.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 3-4-9
What does New Mexico Statutes Annotated § 3-4-9 cover?
Section 3-4-9 ("Disincorporation; insufficient income to pay obligations; levy of tax; duty vested in board of county commissioners") 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 § 3-4-9?
A common citation format is "New Mexico Statutes Annotated § 3-4-9" (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 § 3-4-9 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.