It shall be unlawful for the governing board or council of any city, town or village in the state of New Mexico to disburse, expend or contract for the expenditure of more than the proportionate share of the fiscal year budget during any fiscal year in which the terms of office of such officials will expire, as the number of months such officials are in office bears to the entire fiscal year.
History: 1941 Comp., § 7-604, enacted by Laws 1941, ch. 190, § 3; 1953 Comp., § 11-6-3.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64A C.J.S. Municipal Corporations §§ 1582, 1583.
Structure 2021 New Mexico Statutes
Article 6 - Local Government Finances
Section 6-6-2 - Local government division; powers and duties.
Section 6-6-3 - Local public bodies; duties.
Section 6-6-4 - Local government division; research and survey; report to governor and legislature.
Section 6-6-4.1 - Local government division; additional duties; occupancy tax quarterly reports.
Section 6-6-5 - Record of approved budget.
Section 6-6-6 - Approved budgets; claims or warrants in excess of budget; liability.
Section 6-6-7 - [Limitation on county expenditures during year official's term expires; exceptions.]
Section 6-6-9 - [Limitation on municipal expenditures during year officials' terms expire.]
Section 6-6-10 - Violation of expense limit; penalty.
Section 6-6-11 - Yearly expenditures limited to income; Bateman Act.
Section 6-6-12 - Exemptions from Bateman Act.
Section 6-6-13 - Salaries to be prorated.
Section 6-6-15 - [Void indebtedness; payment from later collections; disposition of surplus.]
Section 6-6-16 - [Appealed claims; payment.]
Section 6-6-17 - [Current year same as fiscal year.]
Section 6-6-18 - Current year; disposition of funds.
Section 6-6-19 - Local government permanent fund.
Section 6-6-20 - Municipal post-employment life insurance benefits trust.