A. After the qualified electors at a regular or special municipal election have approved the acquisition of a municipal utility, the municipality shall maintain a municipal utility in good repair and improve and enlarge the municipal utility to accomplish the objectives and purposes for which it was designed.
B. A municipality may use other funds to defray the cost of operating or repairing a municipal utility, other than an electric or gas utility, generating facility or its interest in a jointly owned generating facility.
History: 1953 Comp., § 14-22-5, enacted by Laws 1965, ch. 300; 1979, ch. 260, § 3.
Cross references. — For municipal power to maintain electric utilities, see 3-24-1 and 3-24-14 NMSA 1978.
Structure New Mexico Statutes
Section 3-23-2 - Election on question of acquiring utility.
Section 3-23-3 - Municipal utility; approval of New Mexico public utility commission.
Section 3-23-4 - Municipal utility; use of revenue.
Section 3-23-5 - Municipal utility; duty to maintain and improve.
Section 3-23-5.1 - Municipal utility permanent fund.
Section 3-23-7 - Appointment of receiver; qualifications; powers.
Section 3-23-8 - Municipal utility; receiver's certificates.
Section 3-23-9 - Municipal utility; levy and collection of taxes not terminated by receivership.
Section 3-23-10 - Municipal utility; board of utility commissioners.