Pursuant to any act of congress, a municipality may accept or borrow funds from the United States or any of its agencies or instrumentalities for any purpose authorized by the laws of this state. History: 1953 Comp., § 14-36-6, enacted by Laws 1965, ch. 300.
Accepting or borrowing funds from the federal government
NMSA 1978, § 3-37-6 — under Article 37.
NMSA 1978, § 3-37-6