Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 17 - Las Cruces Metropolitan Arroyo Flood Control, 72-17-1 through 72-17-103. > Section 72-17-55 - Limitations upon incurring any debt.

Section 72-17-55 - Limitations upon incurring any debt.

72-17-55. Limitations upon incurring any debt.

Nothing in this act [72-17-1 to 72-17-103 NMSA 1978] contained shall be construed as creating or authorizing the creation of an indebtedness on the part of any municipality or other public body included in the authority or elsewhere located.