The legislature hereby ratifies the "Cumbres and Toltec Scenic Railroad Compact" as it is set forth in Section 16-5-1 NMSA 1978 (being Laws 1972, Chapter 19, Section 1) signed at the city and county of Santa Fe, state of New Mexico, on the 11th day of December, A.D. 1974, by Bruce King, as governor of the state of New Mexico, pursuant to Section 16-5-1 NMSA 1978 and signed at the city and county of Denver, state of Colorado, on the 26th day of December, A.D. 1974, by John D. Vanderhoof, as governor of the state of Colorado, under authority of and in conformity with the provisions of Chapter 254 of the Session Laws of Colorado 1973. The consent of congress was given by Public Law 93-467, approved October 24, A.D. 1974, by the senate and house of representatives.
History: 1953 Comp., § 69-12-4.1, enacted by Laws 1977, ch. 350, § 1.
Structure New Mexico Statutes
Chapter 16 - Parks, Recreation and Fairs
Article 5 - Cumbres and Toltec Scenic Railroad
Section 16-5-1 - Execution of compact.
Section 16-5-1.1 - Short title.
Section 16-5-2 - Ratification of compact.
Section 16-5-3 - Cumbres and Toltec scenic railroad commission created.
Section 16-5-4 - Appointment of members.
Section 16-5-5 - Payment of the expenses of commission.
Section 16-5-7 - Commission powers.
Section 16-5-9 - Authority of commission to incur indebtedness.
Section 16-5-10 - Railroad loan retirement fund.
Section 16-5-11 - Authorization to set and collect user fees.
Section 16-5-12 - Tax exemption of interest charged on loan.