{"data":{"id":"us-nm/3-4-8","jurisdiction":"us-nm","citation":"3-4-8","heading":"Income from property of a disincorporated municipality.","body":"Money received from the operation of property of a disincorporated municipality shall be used in the following priority:\nA. to pay employees engaged in the operation, maintenance and protection of the property;\nB. to pay the interest on the bonded indebtedness of the municipality;\nC. to purchase or redeem bonded indebtedness of the municipality; and\nD. after all bonded indebtedness has been paid, to support the public schools that existed within the boundary of the municipality at the time of its disincorporation.","path":["Chapter 3 - Municipalities","ARTICLE 4 Disincorporation of Municipality"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1b8d30e21992a1f3168d70b49ad6c0d6c5992932ce3f6873ca9c89ae8285515b","source_id":"us-nm","stale":false,"prev":"us-nm/3-4-7","next":"us-nm/3-4-9"},"notice":"GroundRules: Original legal text. Not legal advice."}