In addition to other payments authorized by the Relocation Assistance Act, the displacing agency, as part of the cost of any program or project, may reimburse reasonable and necessary expenses incurred for:
A. recording fees, transfer taxes and other expenses incidental to conveying the property;
B. penalty costs for prepayment of any mortgage then existing entered into in good faith encumbering the real property if the mortgage is on record or has been filed for record as provided by law; and
C. the pro rata portion of real property taxes paid which are allocable to the period subsequent to the date of vesting of title in the displacing agency or the effective date of the possession of the real property by the displacing agency, whichever is earlier.
History: 1953 Comp., § 22-9A-9, enacted by Laws 1972, ch. 41, § 9; 1989, ch. 121, § 8.
The 1989 amendment, effective March 30, 1989, inserted "displacing" preceding "agency" throughout the section.
Reimbursement provision valid. — Statutory provision for reimbursing property owner for pro rata portion or real property taxes is valid. 1973 Op. Att'y Gen. No. 73-37.
Structure 2021 New Mexico Statutes
Chapter 42 - Actions and Proceedings Relating to Property
Article 3 - Relocation Assistance
Section 42-3-3 - Relocation program.
Section 42-3-4 - Administration.
Section 42-3-5 - Relocation payments.
Section 42-3-6 - Additional payment to property owner.
Section 42-3-7 - Additional payment to tenant.
Section 42-3-8 - Miscellaneous payments.
Section 42-3-10 - Compensation for expenses of inverse condemnation.
Section 42-3-11 - Advisory assistance program.
Section 42-3-12 - Housing replacement as a last resort.
Section 42-3-13 - Implementing regulations.