N.M. Stat. § 6-17-5
Determination of charges relating to income-producing
projects.
Such county, independent rural, union high and municipal board of education or
board of regents shall be required to make such charges for the use of said building,
improvement or facility purchased or erected hereunder and the furnishing of the
services for which same is purchased or erected and used as will return annually a
sufficient amount to pay the annual requirement for repayment of principal and interest
on such bonds or other evidence of indebtedness; and in addition thereto may make
additional charges for the use of said building, improvement or facility and services to
return a sufficient amount to pay all necessary costs and expenses of maintenance,
upkeep and any required repairs thereto and all necessary costs and expenses of
furnishing all services in connection therewith, and sufficient to create a reserve fund
not exceeding $10,000.00 to be used for repayment of said indebtedness; but said
county, independent rural, union high and municipal board of education or board of
regents shall make no further or additional charges for the use of said building,
improvement or facility and the furnishing of the services for which the same is erected
or purchased and used, to the members of the student body, faculty, instructors and
other employees of such institution.