It shall be lawful for the board to assess benefit assessments and to collect revenue for the purpose of creating a reserve fund in such amount as the board may determine which may be used to meet the obligations of the district, for maintenance and operating charges and to provide improvements for the district. History: Laws 1981, ch. 377, § 22.
Reserve fund
NMSA 1978, § 72-18-22 — under Article 18.
NMSA 1978, § 72-18-22