The district has perpetual succession until terminated pursuant to Section 24 [5-11-24 NMSA 1978] of the Public Improvement District Act.
History: Laws 2001, ch. 305, ยง 11.
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 11 - Public Improvement District
Section 5-11-2.1 - Formation of a public improvement district; application requirements.
Section 5-11-3 - Resolution declaring intention to form district.
Section 5-11-4 - Notice and public hearing.
Section 5-11-5 - Hearing on objections.
Section 5-11-6 - Order forming district; formation determination; election.
Section 5-11-7 - Notice and conduct of election; waiver.
Section 5-11-7.1 - Posting of notices.
Section 5-11-8 - Formation; debt limitation.
Section 5-11-10 - Powers of a public improvement district.
Section 5-11-11 - Perpetual succession.
Section 5-11-12 - Records; board of directors; open meetings.
Section 5-11-13 - Change in district boundaries or general plan.
Section 5-11-14 - Participation by municipality or county.
Section 5-11-15 - Other districts or improvements.
Section 5-11-16 - Project approval.
Section 5-11-18 - Recording documents.
Section 5-11-18.1 - Notice obligations to purchaser; requirements; remedies.
Section 5-11-19 - General obligation bonds; tax levy; exception.
Section 5-11-20 - Special levy; bonds; imposition.
Section 5-11-21 - Revenue bonds; fees and charges.
Section 5-11-22 - Terms of bonds.
Section 5-11-24 - Dissolution of district.
Section 5-11-25 - Limitation of liability.