New Mexico § 49-4-15 - Salaries of trustees; records; expenditures
Full text of New Mexico New Mexico Statutes Annotated § 49-4-15 — Salaries of trustees; records; expenditures, with citation guidance and answers to common questions.
§ 49-4-15. Salaries of trustees; records; expenditures
A. The board of trustees may fix in the land grant-merced bylaws and pay to its members
a salary not to exceed two hundred dollars ($200) to any member in one month. The salary as fixed shall be in full as compensation for the duties performed by
the board of trustees or the individual members within the exterior boundaries of
the land grant-merced and for attendance at regularly scheduled meetings. The secretary of the board of trustees may be allowed a salary not to exceed two
hundred twenty-five dollars ($225) in one month. B. Board of trustees members may be authorized per diem and mileage pursuant to the
Per Diem and Mileage Act. C. The board of trustees and the treasurer shall keep permanent and legible records
capable of audit, and no money or funds shall be paid by the board of trustees or
by any person authorized to expend money unless the expenditure is approved by a majority
of the board of trustees and is in the form of a written check or in such a form that
the date, amount and payee of the transaction are automatically recorded; and the
payment is supported by an invoice or receipt.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 49-4-15
What does New Mexico Statutes Annotated § 49-4-15 cover?
Section 49-4-15 ("Salaries of trustees; records; expenditures") 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 § 49-4-15?
A common citation format is "New Mexico Statutes Annotated § 49-4-15" (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 § 49-4-15 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.