State Codes and Statutes
Statutes > New-mexico > Chapter-73 > Article-25 > Section-73-25-1873-25-18. 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.