In addition to the powers conferred upon a city by other provisions of the Municipal Parking Law, a city is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government for or in aid of any parking facility project within its area of operation; and, to these ends, to comply with such conditions, trust indentures, leases or agreements as may be necessary, convenient or desirable. It is the purpose and intent of the Municipal Parking Law to authorize every city to do any and all things necessary, convenient or desirable to secure the financial aid or cooperation of the federal government in the undertaking, acquisition, construction, maintenance or operation of any parking facility project of such city.
History: 1953 Comp., ยง 14-51-19, enacted by Laws 1965, ch. 300.
Structure 2021 New Mexico Statutes
Article 50 - Municipal Parking
Section 3-50-1 - Municipal Parking Law; short title.
Section 3-50-2 - Finding and declaration of necessity.
Section 3-50-4 - Creation of parking authorities.
Section 3-50-5 - Powers of city.
Section 3-50-6 - Interested officers and employees.
Section 3-50-7 - Planning, zoning and building laws.
Section 3-50-8 - Lease of parking facilities; bids.
Section 3-50-9 - Power to issue bonds.
Section 3-50-10 - Liability on bonds.
Section 3-50-11 - Types of bonds; sources from which payable.
Section 3-50-12 - Form and sale of bonds.
Section 3-50-13 - Provisions of bonds and trust indentures.
Section 3-50-14 - Construction of bond provisions.
Section 3-50-15 - Examination of bond issue by attorney general.
Section 3-50-16 - Remedies of an obligee.
Section 3-50-17 - Additional remedies conferrable to an obligee.
Section 3-50-18 - Bonds; exemption from taxation.
Section 3-50-19 - Aid from federal government.
Section 3-50-20 - Contracts; leases; increase of revenue.