Section 72-14-21 – [Accounts pertaining to works required; control of construction; collection of revenues; sale of water; suits.]
The commission shall keep full and complete accounts concerning all matters and things relating to the works and annually shall prepare balance sheets and income and profit and loss statements showing the financial condition of each project, and file copies thereof with the secretary of state. All books and papers pertaining to all matters provided […]
Section 72-14-22 – Rights of bondholders; enforcement.
Any holder of any bonds issued under the provisions of Sections 72-14-9 through 72-14-28 NMSA 1978 except to the extent the rights herein given may be restricted by resolution passed before the issuance of the bonds, may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any rights […]
Section 72-14-13 – Water conservation revenue bonds authorized; extent of state obligation.
A. The commission, with the approval of the state board of finance and in accordance with the state board of finance’s adopted policies and procedures on financing approvals, is authorized to provide by resolution for the issuance of water conservation revenue bonds of the state for the purpose of paying the cost, as defined in […]
Section 72-14-14 – Revenues from bonds to be applied to cost of projects and associated expenses.
All money received from any bonds issued pursuant to Sections 72-14-9 through 72-14-28 NMSA 1978 shall be applied solely to the payment of the cost of the project or to the appurtenant debt service fund, and there is created and granted a lien upon such money until so applied in favor of the holders of […]
Section 72-14-3.3 – Interstate stream commission; additional powers; strategic water reserve.
A. The interstate stream commission shall establish a strategic water reserve and may purchase or lease from willing sellers or lessors or receive through donation surface water or water rights or storage rights to compose the reserve. The commission may also purchase or lease from willing sellers or lessors or receive by donation underground water […]
Section 72-14-4 – Budget and plan submitted to governor annually.
The interstate stream commission shall annually prepare and submit a budget together with a complete and detailed plan looking toward the improvement of the Rio Grande in this state, and increasing the surface flow of water in the river, during the ensuing fiscal year. The plan and budget shall be submitted annually in accordance with […]
Section 72-14-5 – Annual expenditures made under budget and plan.
The interstate stream commission shall annually expend from the money appropriated, within the money actually available and within the budget submitted and approved, in accordance with the provisions of Sections 6-3-1 through 6-3-22 NMSA 1978, such sum as may be necessary for the improvement of the Rio Grande in this state, and increasing the surface […]
Section 72-14-6 – Appropriation; how disbursements are to be made.
A. Annually, one million dollars ($1,000,000) shall be distributed from the improvement of Rio Grande income fund to the forest land protection revolving fund. B. There is appropriated annually all money remaining in the improvement of the Rio Grande income fund after the distribution pursuant to Subsection A of this section or as much thereof […]
Section 72-14-7 – [Governor authorized to protect water rights in interstate streams.]
That the governor of the state of New Mexico is hereby authorized to take such steps, make such investigations and institute or cause to be instituted in the name of the state, such proceedings as in his judgment may be necessary for the protection of the rights to the waters of any and all the […]
Section 72-14-8 – [Governor may employ persons and fix their compensation.]
That the governor of New Mexico is authorized to employ such engineers, employees and attorneys as in his judgment may be necessary for the provisions of this act [72-14-7, 72-14-8 NMSA 1978], and to fix the compensation therefor. History: Laws 1927, ch. 120, § 2; 1941 Comp., § 77-3308; 1953 Comp., § 75-34-8.