New Mexico § 72-4-8 - Water system cost paid from bond proceeds only
Full text of New Mexico New Mexico Statutes Annotated § 72-4-8 — Water system cost paid from bond proceeds only, with citation guidance and answers to common questions.
§ 72-4-8. Water system cost paid from bond proceeds only
No county that undertakes to acquire or establish a water supply system under the
authority of Sections 72-4-2 through 72-4-12 NMSA 1978 shall have the power to pay out of its general funds or otherwise contribute any
part of the costs of acquiring a water supply system. The entire cost of acquiring the system shall be paid out of the proceeds from the
sale of water revenue bonds issued under the authority of Sections 72-4-2 through 72-4-12 NMSA 1978 .
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 72-4-8
What does New Mexico Statutes Annotated § 72-4-8 cover?
Section 72-4-8 ("Water system cost paid from bond proceeds only") 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 § 72-4-8?
A common citation format is "New Mexico Statutes Annotated § 72-4-8" (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 § 72-4-8 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.