Money received for such purpose, unless otherwise provided by the terms of the gift or bequest shall be deposited with the treasurer of such municipality or county, to the account of the playground and recreation board or commission or other body having charge of such work, and the same may be withdrawn and paid out by such body in the same manner as other money appropriated for recreation purposes.
History: 1941 Comp., § 71-1007, enacted by Laws 1945, ch. 67, § 7; 1953 Comp., § 6-4-7.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Structure New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 4 - Playgrounds and Recreational Equipment
Section 5-4-1 - [Governmental unit subject to act.]
Section 5-4-2 - Dedication of lands and buildings as playgrounds and recreation centers.
Section 5-4-3 - Establishing system of supervised recreation; powers of managing boards.
Section 5-4-4 - [Petition for establishment of a supervised recreational system; election.]
Section 5-4-5 - Establishment of joint recreational systems.
Section 5-4-6 - Acceptance of grants and donations by supervisory boards; limitation.
Section 5-4-7 - [Disposition of funds received by gift or bequest.]
Section 5-4-8 - Power to issue bonds.
Section 5-4-10 - Revenue bonds.
Section 5-4-11 - Revenue bonds; refunding authorization; escrow; detail.
Section 5-4-12 - Terms of bonds.
Section 5-4-13 - Ordinance or resolution issuing bonds; validation.
Section 5-4-14 - Retirement of bonds only from cigarette tax proceeds; tax levy irrevocable.
Section 5-4-15 - Proceeds not to be divested [diverted]; exclusions of this act.
Section 5-4-16 - School districts; community recreational facilities.