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NEW MEXICO STATUTES AND CODES
Section 73-8-34 - Incurrence of unauthorized debt prohibited.
73-8-34. [Incurrence of unauthorized debt prohibited.]
The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.
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