N.M. Stat. § 19-4-20
§ 19-4-20. Disposition of proceeds
Year: 2026Length: 62 words
The proceeds received from the sale shall be disposed of as follows:
A. first, to pay the expenses of the sale;
B. second, to discharge any outstanding claims incurred in entering the townsite of the town; and
C. third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.