2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 11 - Public Improvement District

Section 5-11-1 - Short title. - Chapter 5, Article 11 NMSA 1978 may be cited as...

Section 5-11-2 - Definitions. - As used in the Public Improvement District Act: A. "allowable...

Section 5-11-2.1 - Formation of a public improvement district; application requirements. - A. An application for the formation of a district shall...

Section 5-11-3 - Resolution declaring intention to form district. - A. If the public convenience and necessity require, and on...

Section 5-11-4 - Notice and public hearing. - A. The notice of public hearing to be held concerning...

Section 5-11-5 - Hearing on objections. - A. Any person claiming an interest in real property that...

Section 5-11-6 - Order forming district; formation determination; election. - A. After the hearing, the governing body shall determine whether...

Section 5-11-7 - Notice and conduct of election; waiver. - A. Any election by qualified electors pursuant to the Public...

Section 5-11-7.1 - Posting of notices. - For any election conducted pursuant to the Public Improvement District...

Section 5-11-8 - Formation; debt limitation. - A. If the formation of the district is approved by...

Section 5-11-9 - Appointment of directors; qualifications; terms; resumption of governance by governing body. - A. The governing body, at its option, may authorize the...

Section 5-11-10 - Powers of a public improvement district. - A. In addition to the powers otherwise granted to a...

Section 5-11-11 - Perpetual succession. - The district has perpetual succession until terminated pursuant to Section...

Section 5-11-12 - Records; board of directors; open meetings. - A. The district shall keep the following records, which shall...

Section 5-11-13 - Change in district boundaries or general plan. - A. Following formation of the district, an area may be...

Section 5-11-14 - Participation by municipality or county. - The governing body of the municipality or county by resolution...

Section 5-11-15 - Other districts or improvements. - The formation of a district pursuant to the Public Improvement...

Section 5-11-16 - Project approval. - A. Before constructing or acquiring any public infrastructure improvement, the...

Section 5-11-17 - Finances. - The projects to be constructed or acquired as shown in...

Section 5-11-18 - Recording documents. - A. The district shall file and record with the county...

Section 5-11-18.1 - Notice obligations to purchaser; requirements; remedies. - A. Prior to accepting an offer to purchase, a seller...

Section 5-11-19 - General obligation bonds; tax levy; exception. - A. At any time after the hearing on formation of...

Section 5-11-20 - Special levy; bonds; imposition. - A. At any time after the hearing on formation of...

Section 5-11-21 - Revenue bonds; fees and charges. - A. At any time after the hearing on formation of...

Section 5-11-22 - Terms of bonds. - For any bonds issued in connection with Section 19, 20...

Section 5-11-23 - District taxes; annual financial estimate; annual financial estimate and budget; certification to local government division. - A. All property taxes for the operation and maintenance expenses...

Section 5-11-24 - Dissolution of district. - A. The district shall be dissolved by the district board...

Section 5-11-25 - Limitation of liability. - Neither any member of the board of directors of a...

Section 5-11-26 - Cumulative authority. - The Public Improvement District Act shall be deemed to provide...

Section 5-11-27 - Liberal interpretation. - The Public Improvement District Act, being necessary for the welfare...