Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 58 - Economic Development Promotion, 3-58-1 through 3-58-2. > Section 3-58-2 - Authority to utilize revenues.

Section 3-58-2 - Authority to utilize revenues.

3-58-2. Authority to utilize revenues.

The governing board of any municipality or county may budget and utilize revenues for economic development promotion only upon approval by a majority of all of the members of the governing board.