New Mexico Statutes
Article 20 - Soil and Water and Watershed Conservation Districts
Section 73-20-15 - Loans; repayments.

A. In addition to the borrowing of money by the issuance of bonds for the purposes set out in Section 73-20-13 NMSA 1978, the district may borrow money from the United States department of agriculture or any other federal agency if the loan can be repaid according to its terms by use of the levy authorized by Section 73-20-17 NMSA 1978 and the board of supervisors has so determined.
B. The district may also borrow money from the United States department of agriculture or any other federal agency and levy an assessment not to exceed five dollars ($5.00) on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978], of property subject to taxation by the district, in addition to others authorized by the Watershed District Act, to repay the loan if the board of directors determines the rate of the levy required and:
(1) secures the approval of the board of supervisors;
(2) a referendum on the acceptance of the loan for specified purposes is held;
(3) two-thirds of the landowners voting favor the proposal; and
(4) the procedures of Sections 73-20-8 through 73-20-11 NMSA 1978 as to notice, qualifications of voters and manner of holding referendum election are followed in the referendum held under this section.
History: 1953 Comp., enacted by Laws 1961, ch. 233, § 3; 1975, ch. 294, § 6; 1986, ch. 32, § 37.
The 1986 amendment, in Subsection A, substituted "Section 73-20-13 NMSA 1978" for "Paragraph (4) of Subsection A of Section 45-5-31 NMSA 1953" and "Section 73-20-17 NMSA 1978" for "the Watershed District Act" and deleted "five mill" preceding "levy"; in Subsection B, substituted "five dollars ($5.00) on each one thousand dollars ($1,000) of net taxable value, as that term is defined in the Property Tax Code, of property subject to taxation by the district" for "five mills" in the introductory paragraph and, in Paragraph (4), substituted "the procedures of Sections 73-20-8 through 73-20-11 NMSA 1978" for "the procedure of Sections 45-5-26 through 45-5-29 NMSA 1953"; and made minor stylistic changes.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 94 C.J.S. Waters § 321.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 73 - Special Districts

Article 20 - Soil and Water and Watershed Conservation Districts

Section 73-20-1 - Short title.

Section 73-20-2 - Definitions.

Section 73-20-3 - Purpose of act.

Section 73-20-4 - Watershed districts; formation.

Section 73-20-5 - Area.

Section 73-20-6 - Petitions.

Section 73-20-7 - Presentation of petitions.

Section 73-20-8 - Hearing; notice.

Section 73-20-9 - Referendum.

Section 73-20-10 - Repealed.

Section 73-20-11 - Votes; results.

Section 73-20-11 - Votes; results. (Effective July 1, 2022.)

Section 73-20-12 - Directors; election.

Section 73-20-13 - Authority.

Section 73-20-14 - Bonds.

Section 73-20-15 - Loans; repayments.

Section 73-20-16 - Per diem and mileage.

Section 73-20-17 - Budgets; tax levy; limitation.

Section 73-20-18 - Assessment lists.

Section 73-20-19 - Collection of assessments.

Section 73-20-20 - Expenditures.

Section 73-20-21 - Addition of land.

Section 73-20-22 - Detaching land.

Section 73-20-23 - Discontinuance of districts.

Section 73-20-23 - Discontinuance of districts. (Effective July 1, 2022.)

Section 73-20-24 - Supervision by courts.

Section 73-20-25 - Short title.

Section 73-20-26 - Legislative determination; purpose of act.

Section 73-20-27 - Definitions.

Section 73-20-28 - Soil and water conservation commission members.

Section 73-20-29 - Selection of commission chairman; quorum; compensation; function.

Section 73-20-30 - Repealed.

Section 73-20-31 - Powers and duties of department and commission.

Section 73-20-32 - Additional duties of department.

Section 73-20-33 - Soil and water conservation districts; creation.

Section 73-20-34 - Soil and water conservation districts; creation; referendum.

Section 73-20-35 - Soil and water conservation districts; organization.

Section 73-20-36 - Soil and water conservation districts; modification of existing districts.

Section 73-20-37 - District supervisors; election and appointment; new districts.

Section 73-20-38 - District supervisors; election and appointment; organized districts.

Section 73-20-39 - Election of supervisors; district zones.

Section 73-20-40 - Selection of supervisor chairman; quorum; compensation.

Section 73-20-41 - Powers and duties of supervisors.

Section 73-20-42 - Removal of supervisors.

Section 73-20-43 - Perpetuation of districts; continuity of commission and supervisors.

Section 73-20-44 - Districts; description; general powers of districts.

Section 73-20-45 - Specific powers of districts.

Section 73-20-46 - District assessments.

Section 73-20-46.1 - Assessments; limitations.

Section 73-20-47 - Cooperation between districts.

Section 73-20-48 - State agencies to cooperate.

Section 73-20-49 - Repealed.