No money or other property supplied by a municipality for the acquisition, operation, maintenance or management of a jointly owned generating facility in which the municipality has any interest shall be credited or otherwise applied to the account of any other joint participant.
History: 1978 Comp., § 3-24-17, enacted by Laws 1979, ch. 260, § 14.
Structure New Mexico Statutes
Section 3-24-2 - Electric utility; charges.
Section 3-24-3 - Electric utility; municipality serving a governmental agency.
Section 3-24-4 - Jurisdiction over land of electric utility.
Section 3-24-5 - Electric utility; eminent domain power.
Section 3-24-6 - Electric utility; power to issue revenue bonds.
Section 3-24-7 - Limitations on electric utility of municipality.
Section 3-24-8 - Electric utility; limitation on right to acquire system beyond five-mile limit.
Section 3-24-10 - Contracts with electric utilities for the operation of facilities.
Section 3-24-11 - Short title.
Section 3-24-12 - Legislative intent.
Section 3-24-13 - Limitation on applicability of the Municipal Electric Generation Act.
Section 3-24-14 - Additional powers conferred on municipalities.
Section 3-24-16 - Municipal liability.
Section 3-24-17 - Application of municipal money or property.