The New Mexico share of the expenses of the commission and the reimbursement of the New Mexico members may be paid out of funds appropriated by the legislature and other revenue and user fees collected pursuant to Section 16-5-11 NMSA 1978 not needed for railroad loan retirement. Fees and revenues collected by the commission are appropriated to the commission.
History: 1953 Comp., § 69-12-7, enacted by Laws 1977, ch. 350, § 4; 2005, ch. 156, § 1.
The 2005 amendment, effective June 17, 2005, provided that expenses of the commission may be paid from user fees and other revenues not needed for railroad loan retirement and are appropriated to the commission.
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.