Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 60A - Metropolitan Redevelopment, 3-60A-1 through 3-60A-48. > Section 3-60A-22 - Metropolitan redevelopment fund; creation; disbursement.

Section 3-60A-22 - Metropolitan redevelopment fund; creation; disbursement.

3-60A-22. Metropolitan redevelopment fund; creation; disbursement.

There is created a "metropolitan redevelopment fund" for purposes of the Metropolitan Redevelopment Code [3-60A-1 to 3-60A-13, 3-60A-14 to 3-60A-48 NMSA 1978]. Money in the metropolitan redevelopment fund shall be disbursed to the municipality to be used as other money is authorized to be used in the Metropolitan Redevelopment Code.