N.M. Stat. § 5-20-10
Dissolution.
The municipality and county that formed the district and any counties, municipalities,
Indian nations, tribes or pueblos that have become part of the district may, by
unanimous vote, agree to unwind and dissolve the district and dismiss the authority
members if they find the district is not meeting the needs of the community in managing
airport operations, creating jobs or fostering economic development. The assets and all
debts and obligations of the district shall be transferred to and assumed by the county
or municipality as set forth in the unwinding or dissolution agreement.