Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 19 - Southern Sandoval County Flood Control, 72-19-1 through 72-19-103. > Section 72-19-55 - Limitations upon incurring any debt.

Section 72-19-55 - Limitations upon incurring any debt.

72-19-55. Limitations upon incurring any debt.

Nothing in the Southern Sandoval County Arroyo Flood Control Act [72-19-1 to 72-19-103 NMSA 1978] 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.