{"data":{"id":"us-nm/72-18-56","jurisdiction":"us-nm","citation":"72-18-56","heading":"Capitalization of costs.","body":"Any resolution authorizing the issuance of securities or other instrument appertaining thereto may capitalize interest on any securities during any period of construction or other acquisition estimated by the board and one year thereafter and may capitalize any other cost of any project, by providing for the payment of the amount capitalized from the proceeds of the securities.","path":["Chapter 72 - Water Law","ARTICLE 18 Flood Control Districts"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18575/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"9f5a86951d0d669fc4fc7fc778da7ca543fd3e572ef134817d9bc6acb37016a6","source_id":"us-nm","stale":false,"prev":"us-nm/72-18-55","next":"us-nm/72-18-57"},"notice":"GroundRules: Original legal text. Not legal advice."}