Statutes > New Mexico Statutes > Chapter 73 - Special Districts. > Article 8 - Drainage Districts Within Federal Reclamation Projects, 73-8-1 through 73-8-60. > Section 73-8-34 - Incurrence of unauthorized debt prohibited.

Section 73-8-34 - Incurrence of unauthorized debt prohibited.

73-8-34. [Incurrence of unauthorized debt prohibited.]

The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.