N.M. Stat. § 73-9-27
County treasurer; duties; bonds and coupons in payment
of taxes; accounts; collection and distribution of taxes.
The county treasurer of the county in which is located the office of any irrigation
district, shall be and is hereby constituted ex-officio district treasurer of said district, and
said county treasurer shall be liable upon his official bond, and to indictment and
criminal prosecution for malfeasance, misfeasance or failure to perform any duty herein
prescribed, as county treasurer or district treasurer, as is provided by law in other
cases, as county treasurer. Said treasurer shall receive and receipt for all moneys
belonging to said district. It shall be the duty of the county treasurer in each county in
which any irrigation district is located, in whole or in part, to collect and receipt for all
taxes levied as herein provided, in the same manner and at the same time as is
required in the receipt for and collection of taxes upon real estate for county purposes.
The county treasurer of each county comprising a portion only of any irrigation
district, excepting the county treasurer of the county in which the office of said district is
located, on the first Monday of every month, shall remit to the district treasurer
aforesaid, all moneys, bonds and coupons theretofore collected or received by him on
account of said district. Every county treasurer shall keep a bond fund account and a
general fund account. The bond fund shall consist of all moneys received on account of
interest and principal of the bonds issued by said district, said accounts for interest and
principal each to be kept separate. The general fund shall consist of all other moneys
received. The district treasurer aforesaid shall pay out of said bond fund, when due, the
interest and principal of the bonds of said district, at the time and at the place specified
in said bonds, and shall pay out of said general fund only upon warrants signed by the
president and countersigned by the secretary of said district, as herein provided. The
district treasurer, on the fifteenth day of each month shall report to the board of directors
of said district the amount of money in his hands to the credit of the respective funds
above provided. All such district taxes collected and paid to the county treasurer, as
aforesaid, shall be received by said treasurers in their official capacity, and they shall be
responsible for the safekeeping, disbursement and payment thereof, the sale [same] as
for other moneys collected by them as such treasurers; provided, said county treasurer
shall not receive any commission for the collection of said district taxes or any extra
compensation for acting as such district treasurer, other than the regular salary as such
county treasurer, but the district may pay to said treasurer, for clerical assistance, a sum
not to exceed twenty dollars [($20.00)] per month for each five thousand acres or major
fraction thereof, in such district.