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Home » US Law » 2021 New Mexico Statutes » Chapter 3 - Municipalities » Article 37 - Municipal Finances

Section 3-37-2 – Finance; authorization.

The governing body shall: A. control the finances and property of the municipality; B. appropriate money for municipal purposes only; and C. provide for payment of debts and expenses of the municipality. History: 1953 Comp., § 14-36-2, enacted by Laws 1965, ch. 300. ANNOTATIONS Payment of tort judgment. — A city having authority to levy […]

Section 3-37-3 – Finance officer; duties; records open to inspection.

A. The treasurer shall be the finance officer for the municipality unless another officer is directed by ordinance to be the finance officer. The finance officer shall: (1) receive all money belonging to the municipality; (2) keep his accounts and records in the manner prescribed by the governing body; (3) keep the money of the […]

Section 3-37-4 – Finance receipts.

A. A municipal official receiving money for the municipality shall make a receipt in not less than duplicate form which shall show the: (1) amount received; (2) date of payment; and (3) account for which payment is made. One copy shall be made available to the person paying money to the municipality. B. In lieu […]

Section 3-37-5 – Warrants; execution; registration.

A. No payment of funds shall be made except upon a warrant of the municipality. A warrant shall be signed by the mayor or his authorized representative, and countersigned by the municipal treasurer or as prescribed by the Uniform Facsimile Signature of Public Officials Act [6-9-1 to 6-9-6 NMSA 1978]. A warrant shall state the: […]

Section 3-37-6 – Accepting or borrowing funds from the federal government.

Pursuant to any act of congress, a municipality may accept or borrow funds from the United States or any of its agencies or instrumentalities for any purpose authorized by the laws of this state. History: 1953 Comp., § 14-36-6, enacted by Laws 1965, ch. 300. ANNOTATIONS County receipt of wastewater system construction grants. — There […]