Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 15 - Finances of Counties, Municipalities and School Districts, 6-15-1 through 6-15-28. > Section 6-15-6 - Bids for bonds refused; return of deposits.

Section 6-15-6 - Bids for bonds refused; return of deposits.

6-15-6. [Bids for bonds refused; return of deposits.]

If a bid be accepted the deposits of all other bidders shall be thereupon returned; if all bids be rejected, then all deposits shall be returned forthwith.