Section 73-25-12 - Cooperative powers. - New Mexico Statutes

73-25-12. Cooperative powers.

A district may cooperate with a person to:   

A.     accept legitimate contributions or liens securing obligations of the district from the person with respect to the financing, construction, operation or maintenance of a regional transit system and, in connection with a loan or advance, enter into contracts establishing the repayment terms;   

B.     enter into contracts regarding the financing, construction, operation or maintenance of a specified regional transit system;   

C.     enter into joint operating contracts concerning a regional transit system;   

D.     acquire easements or rights of way for a regional transit system; and   

E.     designate a regional transit system as part of the state highway system, a county highway system or a municipal highway system if the person with jurisdiction over the applicable highway system consents to the designation.