The amounts distributed to the state road fund pursuant to Sections 7-1-6.10, 66-6-23 and 66-6-23.1 NMSA 1978 shall be used for maintenance, construction and improvement of state transportation projects and to meet federal allotments under the federal-aid road laws, but sufficient money from the state road fund shall be set aside each year by the state treasurer to pay the principal and interest due each year on state transportation revenue bonds issued to anticipate the collection of this revenue.
§ 67-3-65.1 NMSA 1978
State road fund distribution
Known as the Public Mass Transportation Act
The act spans §§ 67–67 (95 sections).
1978 Comp., § 67-3-65.1, enacted by Laws 1983, ch. 211, § 40; 2003 (1st S.S.), ch. 3, § 25.
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.