N.M. Stat. § 3-28-15
Financial assistance.
Any association formed under Section 3-28-1 NMSA 1978 to provide natural gas
service in an unincorporated rural community or to purchase, acquire, hold and operate
a water supply system is authorized to apply for and accept grants, contributions and
any other form of financial assistance from the federal government, the state, the county
or other public body or from any sources, public or private, for the purposes for which it
is organized.