Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 37 - Municipal Finances, 3-37-1 through 3-37-7. > Section 3-37-6 - Accepting or borrowing funds from the federal government.

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

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.