Section 72-14-26 - Disposition of water for public, domestic, industrial and other uses; reconveyance to grantors.

NM Stat § 72-14-26 (2019) (N/A)

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In addition to the powers conferred upon the commission to sell, lease and otherwise dispose of waters for the purpose of irrigation, development of power, watering of stock or other purposes, the commission shall have power to sell, lease and otherwise dispose of waters from its waterworks systems for public, domestic, industrial and other uses and for fire protection. The commission, after the discharge of all of the bonds issued by the commission to finance the construction or acquisition of any works, except for hydrographic surveys used by the state engineer for determining water rights, and of all interest thereon and costs and expenses incurred in connection with any action or proceeding by or on behalf of the holders of such bonds, shall reconvey the same to the grantors thereof.

History: 1953 Comp., § 75-34-25, enacted by Laws 1955, ch. 266, § 17; 1997, ch. 241, § 14; 1997, ch. 246, § 14.

The 1997 amendment, effective June 20, 1997, added the section heading, substituted "protection" for "prevention" at the end of the first sentence, and made a minor stylistic change.

Laws 1997, ch. 241, § 14 and Laws 1997, ch. 246, § 14, both effective June 20, 1997, enacted identical amendments to this section. The section was set out as amended by Laws 1997, ch. 246, § 14. See 12-1-8 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 78 Am. Jur. 2d Waterworks and Water Companies § 4.

93 C.J.S. Waters § 38.

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