Assessment funds collected shall be transferred to and held by the treasurer of the watershed district for the specific purpose for which they have been collected. All expenditures of such funds shall be made by the board of directors upon order of the board, approved by the board of supervisors of the soil and water conservation district or districts involved. History: 1953 Comp., § 45-5-37, enacted by Laws 1957, ch. 210, § 19; 1973, ch. 332, § 7; 1977, ch. 254, § 51. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 94 C.J.S. Waters § 321.
New Mexico Legal Code