Chapter 5, Article 10 NMSA 1978 may be cited as the "Local Economic Development Act".
History: Laws 1993, ch. 297, § 1; 2016, ch. 14, § 1.
Compiler's notes. — Laws 1993, ch. 297, § 16 made the Local Economic Development Act effective upon the certification of a proposed amendment (Laws 1993, H.J.R. No. 12) to Article 9, Section 14 of the constitution of New Mexico. The amendment was adopted at a general election on November 8, 1994 and certified by the secretary of state on November 29, 1994.
The 2016 amendment, effective May 18, 2016, changed "This act" to "Chapter 5, Article 10 NMSA 1978".
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 10 - Local Economic Development
Section 5-10-2 - Findings and purpose of act.
Section 5-10-5 - Economic development department; technical assistance.
Section 5-10-6 - Economic development plan; contents; publication.
Section 5-10-7 - Regional plans; joint powers agreement; regional government.
Section 5-10-8 - Applications for public support.
Section 5-10-9 - Project evaluation; department.
Section 5-10-11 - Project revenues; special fund; annual audit.
Section 5-10-12 - Plan and project termination.
Section 5-10-13 - Limitations.
Section 5-10-14 - Local Economic Development Act fund.
Section 5-10-16 - Grants to reimburse rent, lease or mortgage payments for certain businesses.