State Codes and Statutes
Statutes > New-mexico > Chapter-72 > Article-17 > Section-72-17-3572-17-35. Dissolution of authority.
If a remonstrance be received pursuant to Section 7 [72-17-7 NMSA 1978] hereof denying the board the power to acquire a flood control system, or the first proposal for the issuance of bonds shall have failed to receive a favorable vote by a majority of the qualified electors voting thereon, the board shall proceed to dissolve the authority.