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Section 5-10-1 - Short title. - Chapter 5, Article 10 NMSA 1978 may be cited as...
Section 5-10-2 - Findings and purpose of act. - A. The legislature finds that: (1) development of the New...
Section 5-10-3 - Definitions. - As used in the Local Economic Development Act: A. "arts...
Section 5-10-4 - Economic development projects; restrictions on public expenditures or pledges of credit. - A. No local or regional government shall provide public support...
Section 5-10-5 - Economic development department; technical assistance. - At the request of a local or regional government, the...
Section 5-10-6 - Economic development plan; contents; publication. - A. Every local or regional government seeking to pursue economic...
Section 5-10-7 - Regional plans; joint powers agreement; regional government. - A. Two or more municipalities, two or more counties or...
Section 5-10-8 - Applications for public support. - A. After the adoption of an economic development plan by...
Section 5-10-9 - Project evaluation; department. - A. The local or regional government shall review each application...
Section 5-10-10 - Local or regional government participation in economic development projects; project participation agreement; duties and requirements. - A. If a local or regional government provides public support...
Section 5-10-11 - Project revenues; special fund; annual audit. - A. Local or regional government revenues dedicated or pledged for...
Section 5-10-12 - Plan and project termination. - A. At any time after approval of an economic development...
Section 5-10-13 - Limitations. - Nothing in the Local Economic Development Act shall be construed...
Section 5-10-14 - Local Economic Development Act fund. - A. The "Local Economic Development Act fund" is created in...
Section 5-10-15 - State participation in economic development projects; project participation agreement; duties and requirements; economic development department. - A. The department may participate with local or regional governments...
Section 5-10-16 - Grants to reimburse rent, lease or mortgage payments for certain businesses. - A. Prior to January 1, 2023, the department may transfer...
Section 10-17 - Gross receipts tax and compensating tax revenue as public support for certain projects. - A. A qualifying entity that meets the following requirements may...