N.M. Stat. § 73-25-13
Powers of governmental units.
A governmental unit, for the purpose of aiding the financing, construction, operation
or maintenance of a regional transit system, may:
A. sell, lease, loan, donate, grant, convey, assign, transfer and otherwise dispose to
the district real or personal property or interests therein;
B. enter into agreements with a person for the joint financing, construction,
operation or maintenance of a regional transit system. Upon compliance with applicable
constitutional or charter limitations, the governmental unit may agree to make
payments, without limitation as to amount except as set forth in the agreement, from
revenues received from one or more fiscal years, to the district or a person to defray the
costs of the financing, construction, operation or maintenance of a regional transit
system; and
C. transfer to the district a contract that may have been awarded by the
governmental unit for construction, operation or maintenance of a regional transit
system.