New Mexico Statutes
Chapter 3 - Municipalities
Article 52 - Municipal Transit

Section 3-52-1 - Municipal Transit Law; short title. - Sections 3-52-1 through 3-52-13 NMSA 1978, may be cited as...

Section 3-52-2 - Legislative determination. - The legislature finds that privately operated public transportation has declined...

Section 3-52-3 - Authorization. - A. A municipality may invoke the authority contained in the...

Section 3-52-4 - Powers of authorized municipality. - A. Any eligible municipal corporation having elected to invoke the...

Section 3-52-5 - Transportation contracts. - All contracts for work, material or labor in connection with...

Section 3-52-6 - Bond ordinance. - The governing body may adopt an ordinance providing: A. for...

Section 3-52-7 - Terms of bonds. - A. The ordinance authorizing issuance of bonds shall specify: (1)...

Section 3-52-8 - Sale of bonds. - A. Bonds may be sold at either public or private...

Section 3-52-9 - Construction. - The Municipal Transit Law is full authority for authorization and...

Section 3-52-10 - Additional security. - To further the marketability of bonds, the ordinance authorizing their...

Section 3-52-11 - Foreclosure. - If the interest or any serial maturity of any bond...

Section 3-52-12 - Legal investments. - Bonds are legal investments for savings banks and insurance companies...

Section 3-52-13 - Tax exemptions. - Bonds and their income and all mortgages or other instruments...

Section 3-52-14 - Declaration of legislative intent. - The legislature in recognition of the provisions of Public Law...

Section 3-52-15 - Authorization of collective bargaining in municipalities wishing to qualify for grant. - Any municipality desiring to qualify for a grant under the...

Section 3-52-16 - Coercive action prohibited. - This act [3-52-14 to 3-52-16 NMSA 1978] shall not be...