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NEW MEXICO STATUTES AND CODES
Section 73-25-18 - Matching funds.
73-25-18. Matching funds.
The local government members of a combination shall match at least one dollar ($1.00) for every four dollars ($4.00) provided by the state. Before a district is able to receive state matching funds, it must be certified by the commission pursuant to Section 4 [73-25-4 NMSA 1978] of the Regional Transit District Act.
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