New Mexico Statutes 3-25-4. Financing acquisition of gas or geothermal utility
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The acquisition of facilities of a municipal gas or geothermal utility shall only be financed from funds received from the issuance and sale of bonds as authorized in Sections 3-30-5 through 3-30-8 and 3-31-1 through 3-31-12 N.M. Stat. Ann. except as provided in Section 3-23-4 N.M. Stat. Ann..