No money or other property supplied by a municipality for the acquisition, operation, maintenance or management of a jointly owned generating facility in which the municipality has any interest shall be credited or otherwise applied to the account of any other joint participant.
§ 3-24-17 NMSA 1978
Application of municipal money or property
Known as the Municipal Electric Generation Act
The act spans §§ 3–3 (18 sections).
1978 Comp., § 3-24-17, enacted by Laws 1979, ch. 260, § 14.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.