New Mexico § 66-6-36 - Payment in foreign currency
Full text of New Mexico New Mexico Statutes Annotated § 66-6-36 — Payment in foreign currency, with citation guidance and answers to common questions.
§ 66-6-36. Payment in foreign currency
To the extent permitted by the laws of the United States and by treaties entered into
by the United States, the secretary may require all amounts due under the Motor Vehicle
Code or the Motor Transportation Act to be paid in currency of the United States. To the extent the secretary permits or is required to permit payment of amounts
due under the Motor Vehicle Code or the Motor Transportation Act to be made in foreign
currency, the secretary after consultation with the secretary of finance and administration
shall establish a procedure for selecting an appropriate exchange rate to be used
in determining the amount due expressed in the foreign currency. The secretary may require, as a condition for accepting payment in a foreign currency,
that any cost incurred or to be incurred by the department in converting the currency
be added to the amount due. Amounts received by the department to defray the cost of converting currency are
appropriated to the department for that purpose.
Frequently Asked Questions About New Mexico § 66-6-36
What does New Mexico Statutes Annotated § 66-6-36 cover?
Section 66-6-36 ("Payment in foreign currency") 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 § 66-6-36?
A common citation format is "New Mexico Statutes Annotated § 66-6-36" (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 § 66-6-36 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.