Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 16 - Albuquerque Metropolitan Arroyo Flood Control, 72-16-1 through 72-16-103. > Section 72-16-55 - Limitations upon incurring any debt.

Section 72-16-55 - Limitations upon incurring any debt.

72-16-55. Limitations upon incurring any debt.

Nothing in this act [72-16-1 to 72-16-103 NMSA 1978] contained shall be construed as creating or authorizing the creation of an indebtedness on the part of any municipality or other public body included in the authority, or elsewhere located.