In carrying out the powers granted by the Municipal Electric Generation Act N.M. Stat. Ann. § 3-24-11 to 3-24-18, a municipality shall be liable only for its own acts with regard to the acquisition, operation, maintenance or management of a jointly owned generating facility in which it has any interest and shall not be liable for the acts, omissions or obligations of any other joint participant. The term “joint participant” as used in this section does not include an agent designated pursuant to Section 3-24-15 N.M. Stat. Ann. acting in its capacity as such. The provisions of this section shall not affect the liabilities, immunities, duties, limitations or other provisions affecting a municipality or public employee granted, permitted, required or provided for in the Tort Claims Act N.M. Stat. Ann. § 41-4-1 to 41-4-27, as amended from time to time, nor the liabilities and duties assumed by the municipality under a contract pursuant to Section 3-24-15 N.M. Stat. Ann..

Terms Used In New Mexico Statutes 3-24-16

  • Contract: A legal written agreement that becomes binding when signed.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.