Section 3-23-5 - Municipal utility; duty to maintain and improve. - New Mexico Statutes

3-23-5. Municipal utility; duty to maintain and improve.

A.     After the qualified electors at a regular or special municipal election have approved the acquisition of a municipal utility, the municipality shall maintain a municipal utility in good repair and improve and enlarge the municipal utility to accomplish the objectives and purposes for which it was designed.   

B.     A municipality may use other funds to defray the cost of operating or repairing a municipal utility, other than an electric or gas utility, generating facility or its interest in a jointly owned generating facility.