New Mexico Statutes
Chapter 3 - Municipalities
Article 60A - Metropolitan Redevelopment

Section 3-60A-1 - Short title. - Chapter 3, Article 60A NMSA 1978 may be cited as...

Section 3-60A-2 - Findings and declarations of necessity. - A. It is found and declared that there exist in...

Section 3-60A-3 - Legislative intent. - A. It is the intent of the legislature by the...

Section 3-60A-4 - Definitions. - As used in the Metropolitan Redevelopment Code [Chapter 3, Article...

Section 3-60A-5 - Redevelopment Law; short title. - Sections 5 through 18 [3-60A-5 to 3-60A-13, 3-60A-14 to 3-60A-18...

Section 3-60A-6 - Use of private enterprise and public powers. - A local government, to the greatest feasible extent, shall afford...

Section 3-60A-7 - Finding of necessity by local government. - No local government shall exercise any of the powers conferred...

Section 3-60A-8 - Designation of a metropolitan redevelopment area. - A. A local government shall not prepare a metropolitan redevelopment...

Section 3-60A-9 - Preparation of a metropolitan redevelopment plan. - A. When a local government has complied with the provisions...

Section 3-60A-10 - Powers of local government. - A local government shall have all the powers, other than...

Section 3-60A-11 - Repealed. - History: Laws 1979, ch. 391, § 11; 1981, ch. 125,...

Section 3-60A-12 - Disposal of property. - A. A local government may sell, lease or otherwise transfer...

Section 3-60A-13 - Property exempt from taxes and from levy and sale by virtue of an execution. - A. All property of a local government, including funds, owned...

Section 3-60A-13.1 - Payments in lieu of property taxes and assessments. - A. If interests in project property are exempt from property...

Section 3-60A-14 - Cooperation by public bodies. - A. For the purpose of aiding in the planning, undertaking...

Section 3-60A-15 - Exercise of powers in carrying out projects. - A. A local government may directly exercise its metropolitan redevelopment...

Section 3-60A-16 - Metropolitan redevelopment agency. - A. There may be created in each local government a...

Section 3-60A-17 - Conflict of interest; misconduct. - No public official or employee of a local government or...

Section 3-60A-18 - Other powers. - A. Except as otherwise specifically set forth in Section 3-60A-15...

Section 3-60A-19 - Tax Increment Law; short title. - Sections 3-60A-19 through 3-60A-24 NMSA 1978 may be cited as...

Section 3-60A-20 - Alternative method of financing. - A. Effective for tax years beginning on or after January...

Section 3-60A-21 - Tax increment procedures. - The procedures to be used in the tax increment method...

Section 3-60A-22 - Metropolitan redevelopment fund; creation; disbursement. - There is created a "metropolitan redevelopment fund" for purposes of...

Section 3-60A-23 - Tax increment financing method approval. - A. The property tax increment method shall be applicable only...

Section 3-60A-23.1 - Tax increment bonds. - A. For the purpose of financing metropolitan redevelopment projects, in...

Section 3-60A-24 - Tax increment method; base value for distribution. - If the tax increment method of financing metropolitan redevelopment projects...

Section 3-60A-25 - Repealed. - Repeals. — Laws 1987, ch. 316, § 3 repealed 3-60A-25...

Section 3-60A-26 - Redevelopment Bonding Law; short title. - Sections 3-60A-26 through 3-60A-46 NMSA 1978 may be cited as...

Section 3-60A-27 - Definitions. - As used in the Redevelopment Bonding Law [3-60A-26 to 3-60A-46...

Section 3-60A-28 - General powers. - In addition to any other powers, each local government has...

Section 3-60A-29 - Revenue bonds; issuance. - A. A local government may issue revenue bonds from time...

Section 3-60A-30 - Bonds as legal investments. - All banks, trust companies, bankers, building and loan associations, savings...

Section 3-60A-31 - Revenue bonds; issuance; status. - A. A local government may issue revenue bonds in connection...

Section 3-60A-32 - Revenue bonds; form and terms. - A. Revenue bonds shall be authorized by ordinance of the...

Section 3-60A-33 - Revenue bonds; bond security. - The principal of, the interest on and any prior redemption...

Section 3-60A-34 - Revenue bonds; terms of proceedings and instruments. - The proceedings under which the revenue bonds are authorized to...

Section 3-60A-35 - Revenue bonds; investments and bank deposits. - A. The local government may provide that proceeds from the...

Section 3-60A-36 - Revenue bonds; acquisition of project. - A. The local government may also provide that: (1) the...

Section 3-60A-37 - Revenue bonds; limited obligation. - In making agreements or provisions, a local government shall not...

Section 3-60A-38 - Revenue bonds; rights upon default. - A. The proceedings authorizing any revenue bonds, or any mortgage...

Section 3-60A-39 - Revenue bonds; determination of revenue. - A. Prior to entering into a financing agreement for the...

Section 3-60A-40 - Revenue bonds; financing of project. - Prior to the issuance of any revenue bonds authorized by...

Section 3-60A-41 - Option to purchase. - A. A lease may grant the user of a project...

Section 3-60A-42 - Revenue bonds; refunding. - A. Any revenue bonds issued under the provisions of the...

Section 3-60A-43 - Revenue bonds; application of proceeds. - A. The proceeds from the sale of any revenue bonds...

Section 3-60A-44 - No payment by local government. - A. No local government or public body shall pay out...

Section 3-60A-45 - No local government operation. - A. When all principal of, interest on and any prior...

Section 3-60A-46 - Limitation of actions. - No action shall be brought questioning the legality of any...

Section 3-60A-47 - Sufficiency of code. - A. The Metropolitan Redevelopment Code [3-60A-1 to 3-60A-13, 3-60A-14 to...

Section 3-60A-48 - Liberal interpretation. - The Metropolitan Redevelopment Code [3-60A-1 to 3-60A-13, 3-60A-14 to 3-60A-48...