New Mexico § 67-6-6 - County highway sinking fund; payment of bond principal and interest
Full text of New Mexico New Mexico Statutes Annotated § 67-6-6 — County highway sinking fund; payment of bond principal and interest, with citation guidance and answers to common questions.
§ 67-6-6. County highway sinking fund; payment of bond principal and interest
The treasurer of any county issuing bonds as aforesaid shall create a fund to be known
and designated as the county highway sinking fund, and on the first day of July of
each and every year in which a parcel of the bonds sold pursuant to the provisions
of this article shall become due, shall transfer from said general fund to said county
highway sinking fund such amount of money as may be required to pay the principal
of the bonds so becoming due and payable in such years. As the same becomes due, the principal of all such bonds sold shall be paid from
such county highway sinking fund, and as the same becomes due the interest on all
bonds sold shall be paid from said interest fund. Both principal and interest shall be paid upon warrants drawn by the board of county
commissioners upon the county treasurer, and the faith of the county issuing any such
bonds shall be pledged for the payment of the principal of said bonds so sold and
the interest accruing thereon.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-6-6
What does New Mexico Statutes Annotated § 67-6-6 cover?
Section 67-6-6 ("County highway sinking fund; payment of bond principal and interest") 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 § 67-6-6?
A common citation format is "New Mexico Statutes Annotated § 67-6-6" (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 § 67-6-6 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.