Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 25 - Gas Utility, 3-25-1 through 3-25-6. > Section 3-25-4 - Financing acquisition of gas or geothermal utility.

Section 3-25-4 - Financing acquisition of gas or geothermal utility.

3-25-4. Financing acquisition of gas or geothermal utility.

The acquisition of facilities of a municipal gas or geothermal utility shall only be financed from funds received from the issuance and sale of bonds as authorized in Sections 3-30-5 through 3-30-8 and 3-31-1 through 3-31-12 NMSA 1978 except as provided in Section 3-23-4 NMSA 1978.