New Mexico Statutes
Chapter 5 - Municipalities and Counties

Section 5-3-2 - [Authority of municipality to acquire auditorium; necessity of elections waived; bonds not general obligations.] - That any municipality shall have power to purchase, improve, erect...

Section 5-3-3 - [Auditorium revenue bonds; mortgage or lien to secure payment.] - Whenever it shall be declared necessary by the governing body,...

Section 5-3-4 - [Terms and conditions of bonds; sale.] - Revenue bonds issued under the provisions of this act [5-3-1...

Section 5-3-5 - [Issuance of bonds; execution.] - Governing bodies of municipalities issuing bonds under the provisions of...

Section 5-3-6 - [Lease of auditorium by municipality.] - That any municipality shall have power to lease any auditorium...

Section 5-3-7 - [Ratification of issuance and sale of bonds by electorate.] - That where any of the federal or state agencies specified...

Section 5-3-8 - [Public Works Act not affected.] - Nothing herein contained shall be construed to affect in any...

Section 5-3-9 - Cities of five thousand or more; authority; joint action with county; bond issue; election; form of bonds; installment payments; tax levy; estimate of cost. - A. Any incorporated city, town or village having a population...

Section 5-3-10 - [Use of auditorium.] - Such public auditorium or building shall be used only for...

Section 5-3-11 - Counties authorized to issue bonds and erect public auditoriums. - The board of county commissioners of the several counties in...

Section 5-3-12 - [Application of courthouse building laws.] - The proceedings for calling, holding and canvassing the results of...

Section 5-3-13 - [Federal aid and other donations authorized.] - The respective boards of county commissioners of such counties are...

Section 5-3-14 - [Contracting power.] - The boards of county commissioners of the several counties are...

Section 5-3-15 - [Supervision and control of auditorium.] - Any auditorium constructed pursuant hereto shall be under the supervision...

Article 4 - Playgrounds and Recreational Equipment

Section 5-4-1 - [Governmental unit subject to act.] - This act [5-4-1 to 5-4-9 NMSA 1978] shall apply to...

Section 5-4-2 - Dedication of lands and buildings as playgrounds and recreation centers. - The governing body of such municipality or county may dedicate...

Section 5-4-3 - Establishing system of supervised recreation; powers of managing boards. - The governing body of any such municipality or county may...

Section 5-4-4 - [Petition for establishment of a supervised recreational system; election.] - Whenever a petition signed by at least twenty-five percent (25%)...

Section 5-4-5 - Establishment of joint recreational systems. - Any two or more municipalities or counties may jointly provide,...

Section 5-4-6 - Acceptance of grants and donations by supervisory boards; limitation. - A playground and recreation board or other authority in which...

Section 5-4-7 - [Disposition of funds received by gift or bequest.] - Money received for such purpose, unless otherwise provided by the...

Section 5-4-8 - Power to issue bonds. - The governing body of any municipality is hereby authorized to...

Section 5-4-9 - [Payment of expenses incurred in equipping, operating and maintaining recreational facilities.] - All expenses incurred in the equipment, operation and maintenance of...

Section 5-4-10 - Revenue bonds. - A. The governing body of any municipality or the board...

Section 5-4-11 - Revenue bonds; refunding authorization; escrow; detail. - A. Any municipality or county, having issued recreational revenue bonds...

Section 5-4-12 - Terms of bonds. - A. Recreational revenue bonds issued as authorized in Section 5-4-10...

Section 5-4-13 - Ordinance or resolution issuing bonds; validation. - At any regular or special meeting called for the purpose...

Section 5-4-14 - Retirement of bonds only from cigarette tax proceeds; tax levy irrevocable. - A. Recreational revenue bonds issued under the authority of Sections...

Section 5-4-15 - Proceeds not to be divested [diverted]; exclusions of this act. - A. Any person diverting or expending money received from the...

Section 5-4-16 - School districts; community recreational facilities. - A. A school district may construct, own or operate community...

Article 5 - Joint City-County Building

Section 5-5-1 - Short title. - This act [5-5-1 to 5-5-23, 5-5-25 to 5-5-27 NMSA 1978]...

Section 5-5-2 - Legislative declaration. - It is hereby declared as a matter of legislative determination...

Section 5-5-3 - Definitions. - As used in the Joint City-County Building Law, the following...

Section 5-5-4 - Jointly owned projects. - Any county and city shall have the power, if so...

Section 5-5-5 - Powers of county and city. - Every county and city having been authorized to acquire any...

Section 5-5-6 - Agreements between county and city. - A county and a city may from time to time...

Section 5-5-7 - Borrowing money and securities evidencing loans. - Any county and city shall each have the power, separately...

Section 5-5-8 - Short-term notes. - A municipality, upon the affirmative vote of at least two-thirds...

Section 5-5-9 - Limitations upon incurring debts. - No general obligation bonds or other evidences of indebtedness, the...

Section 5-5-10 - General obligation bond and debt elections. - The governing body of any municipality may fix a date...

Section 5-5-11 - Authorization of bonds. - A board by resolution or a council by ordinance shall...

Section 5-5-12 - Payment of bonds. - The principal of and interest on general obligation bonds herein...

Section 5-5-13 - Municipality's limited liability on bonds and recital therein. - Neither the governing body nor any person executing any bond...

Section 5-5-14 - Incontestable recital in bonds. - It may be provided in any proceedings authorizing any bonds...

Section 5-5-15 - Form of bonds. - Any general obligations bonds or revenue bonds herein authorized to...

Section 5-5-16 - Alternate bond form. - Notwithstanding any other provision of law, the governing body may...

Section 5-5-17 - Execution of bonds. - Any such general obligation bonds or revenue bonds shall be...

Section 5-5-18 - Sale of bonds. - Any general obligation bonds or revenue bonds shall be sold...

Section 5-5-19 - Application of proceeds. - All moneys received from the issuance of any bonds herein...

Section 5-5-20 - Covenants in bond proceedings. - Any proceedings authorizing the issuance of bonds under this act...

Section 5-5-21 - Remedies of bondholders. - Subject to any contractual limitations binding upon the holders of...

Section 5-5-22 - Publication of authorizing proceedings; effect; right to contest legality; time limitation. - The governing body may provide for the publication once in...

Section 5-5-23 - Revenue bond charges. - Whenever revenue bonds are issued hereunder, it shall be the...

Section 5-5-24 - Pledging of occupation taxes. - Occupation taxes authorized by Section 3-38-3 NMSA 1978 may be...

Section 5-5-25 - Exemption from taxation. - Bonds issued by any municipality pursuant hereto and the income...

Section 5-5-26 - Sufficiency of act. - This act [5-5-1 to 5-5-23, 5-5-25 to 5-5-27 NMSA 1978],...

Section 5-5-27 - Liberal construction. - This act [5-5-1 to 5-5-23, 5-5-25 to 5-5-27 NMSA 1978]...

Article 6 - Dances (Repealed.)

Section 5-6-1 to 5-6-5 - Repealed. - Repeals. — Laws 1993, ch. 181, § 1 repealed 5-6-1...

Article 7 - Fire District Bonds

Section 5-7-1 - Short title. - This act [5-7-1 to 5-7-7 NMSA 1978] may be cited...

Section 5-7-2 - Definitions. - As used in the Fire District Bond Act: A. "fire...

Section 5-7-3 - Fire district bonds; authority to issue; pledge of revenues; limitation on time of issuance. - A. In addition to any other law authorizing a county...

Section 5-7-4 - Use of proceeds of bond issue. - It is unlawful to divert, use or expend any money...

Section 5-7-5 - Fire district bonds; terms. - County or municipal fire district bonds: A. shall bear interest...

Section 5-7-6 - Ordinance authorizing fire district bonds; two-thirds majority required. - A. At a regular or special meeting called for the...

Section 5-7-7 - Fire district bonds not general county or municipal obligations; authentication. - A. Fire district bonds or refunding bonds issued as authorized...

Article 8 - Land Development Fees and Rights

Section 5-8-1 - Short title. - This act [5-8-1 to 5-8-42 NMSA 1978] may be cited...

Section 5-8-2 - Definitions. - As used in the Development Fees Act: A. "affordable housing"...

Section 5-8-3 - Authorization of fee. - A. Unless otherwise specifically authorized by the Development Fees Act,...

Section 5-8-4 - Items payable by fee. - A. An impact fee may be imposed only to pay...

Section 5-8-5 - Items not payable by fee. - Impact fees shall not be imposed or used to pay...

Section 5-8-6 - Capital improvements plan. - A. A municipality or county shall use qualified professionals to...

Section 5-8-7 - Maximum fee per service unit. - The fee shall not exceed the cost to pay for...

Section 5-8-8 - Time for assessment and collection of fee. - A. Assessments of an impact fee shall be made at...

Section 5-8-9 - Additional fee prohibited; exception. - Except as provided in Subsection F of Section 8 [5-8-8...

Section 5-8-10 - Agreement with owner regarding payment. - A municipality or county is authorized to enter into an...

Section 5-8-11 - Collection of fees if services not available. - Impact fees may be assessed but shall not be collected...

Section 5-8-12 - Entitlement to services. - Any new development for which an impact fee has been...

Section 5-8-13 - Authority of municipality or county to spend funds or enter into agreements to reduce fees. - Municipalities or counties may spend funds from any lawful source...

Section 5-8-14 - Requirement for governmental entities to pay fees. - Governmental entities shall pay all impact fees imposed under the...

Section 5-8-15 - Credits against facilities fees. - Any construction of, contributions to or dedications of on-site or...

Section 5-8-16 - Accounting for fees and interest. - A. The order, ordinance or resolution imposing an impact fee...

Section 5-8-17 - Refunds. - A. Upon the request of an owner of the property...

Section 5-8-18 - Compliance with procedures required. - Except as otherwise provided by the Development Fees Act, a...

Section 5-8-19 - Hearing on land use assumptions. - To impose an impact fee, a municipality or county shall...

Section 5-8-20 - Information about assumptions available to public. - On or before the date of the first publication of...

Section 5-8-21 - Notice of hearing on land use assumptions. - A. The municipality or county shall publish notice of the...

Section 5-8-22 - System-wide land use assumptions. - A. A municipality or county may adopt system-wide land use...

Section 5-8-23 - Capital improvements plan required after approval of land use assumptions. - If the governing body adopts an ordinance, order or resolution...

Section 5-8-24 - Hearing on capital improvements plan and impact fee. - Upon completion of the capital improvements plan, the governing body...

Section 5-8-25 - Information about plan available to public. - On or before the date of the first publication of...

Section 5-8-26 - Notice of hearing on capital improvements plan and impact fee. - A. The municipality or county shall publish notice of the...

Section 5-8-27 - Advisory committee comments on capital improvements plan and impact fees. - The advisory committee created under Section 37 [5-8-37 NMSA 1978]...

Section 5-8-28 - Approval of capital improvements plan and impact fee required. - A. The municipality or county, within thirty days after the...

Section 5-8-29 - Consolidation of land use assumptions and capital improvements plan. - A. In lieu of separately adopting the land use assumptions...

Section 5-8-30 - Periodic update of land use assumptions and capital improvements plan required. - A. A municipality or county imposing an impact fee shall...

Section 5-8-31 - Hearing on updated land use assumptions and capital improvements plan. - The governing body of the municipality or county shall, within...

Section 5-8-32 - Hearing on amendments to land use assumptions, capital improvements plan or impact fee. - A public hearing shall be held by the governing body...

Section 5-8-33 - Notice of hearing on amendments to land use assumptions, capital improvements plan or impact fee. - A. The municipality or county shall publish notice of the...

Section 5-8-34 - Advisory committee comments on amendments. - The advisory committee created under Section 37 [5-8-37 NMSA 1978]...

Section 5-8-35 - Approval of amendments required. - A. The municipality or county, within thirty days after the...

Section 5-8-36 - Determination that no update of land use assumptions, capital improvements plan or impact fee is needed. - A. If at the time an update under Section 30...

Section 5-8-37 - Advisory committee. - A. On or before the date on which the order,...

Section 5-8-38 - Duties to be performed within time limits. - If the governing body of the municipality or county does...

Section 5-8-39 - Records of hearings. - A record shall be made of any public hearing provided...

Section 5-8-40 - Prior impact fees replaced by fees under Development Fees Act. - An impact fee that is in place on the effective...

Section 5-8-41 - No effect on taxes or other charges. - The Development Fees Act does not prohibit, affect or regulate...

Section 5-8-42 - Moratorium on development prohibited. - A moratorium shall not be placed on new development for...

Section 5-8-43 - Purpose; transfer of development rights. - A. The purpose of this section is to: (1) clarify...

Article 9 - Enterprise Zones

Section 5-9-1 - Short title. - Sections 1 through 15 [5-9-1 to 5-9-15 NMSA 1978] of...

Section 5-9-2 - Purpose. - It is the purpose of the Enterprise Zone Act to...

Section 5-9-3 - Definitions. - As used in the Enterprise Zone Act: A. "business facility"...

Section 5-9-4 - Designation of enterprise zones; revocation of designation. - A. No area shall be designated an enterprise zone until...

Section 5-9-5 - Eligibility requirements. - A. An area may be designated an enterprise zone if...

Section 5-9-6 - Enterprise zone plan; incentives and initiatives. - A. The enterprise zone plan shall include: (1) a map...

Section 5-9-7 - Administration. - The local government that created the enterprise zone shall organize,...

Section 5-9-8 - Evaluation and reporting requirements. - The local government that designated an enterprise zone shall make...

Section 5-9-9 - State agency cooperation; business incentives. - A. State agencies shall cooperate with, assist, and where possible,...

Section 5-9-10 - Tax increment method of financing. - A. Effective for property tax years beginning on or after...

Section 5-9-11 - Tax increment procedures. - A. Upon approval of an enterprise zone project, the local...

Section 5-9-12 - Enterprise zone fund; creation; use. - A. Every local government administering an enterprise zone shall create...

Section 5-9-13 - Tax increment method approval. - The tax increment method shall be used only upon prior...

Section 5-9-14 - Tax increment method; base value for distribution. - If the tax increment method of financing enterprise zone projects...

Section 5-9-15 - Regulations. - The secretary of finance and administration and the secretary of...

Article 10 - Local Economic Development

Section 5-10-1 - Short title. - Chapter 5, Article 10 NMSA 1978 may be cited as...

Section 5-10-2 - Findings and purpose of act. - A. The legislature finds that: (1) development of the New...

Section 5-10-3 - Definitions. - As used in the Local Economic Development Act: A. "arts...

Section 5-10-4 - Economic development projects; restrictions on public expenditures or pledges of credit. - A. No local or regional government shall provide public support...

Section 5-10-5 - Economic development department; technical assistance. - At the request of a local or regional government, the...

Section 5-10-6 - Economic development plan; contents; publication. - A. Every local or regional government seeking to pursue economic...

Section 5-10-7 - Regional plans; joint powers agreement; regional government. - A. Two or more municipalities, two or more counties or...

Section 5-10-8 - Applications for public support. - A. After the adoption of an economic development plan by...

Section 5-10-9 - Project evaluation; department. - A. The local or regional government shall review each application...

Section 5-10-10 - Local or regional government participation in economic development projects; project participation agreement; duties and requirements. - A. If a local or regional government provides public support...

Section 5-10-11 - Project revenues; special fund; annual audit. - A. Local or regional government revenues dedicated or pledged for...

Section 5-10-12 - Plan and project termination. - A. At any time after approval of an economic development...

Section 5-10-13 - Limitations. - Nothing in the Local Economic Development Act shall be construed...

Section 5-10-14 - Local Economic Development Act fund. - A. The "Local Economic Development Act fund" is created in...

Section 5-10-15 - State participation in economic development projects; project participation agreement; duties and requirements; economic development department. - A. The department may participate with local or regional governments...

Section 5-10-16 - Grants to reimburse rent, lease or mortgage payments for certain businesses. - A. Prior to January 1, 2023, the department may transfer...

Section 10-17 - Gross receipts tax and compensating tax revenue as public support for certain projects. - A. A qualifying entity that meets the following requirements may...

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...

Article 12 - Radio Towers

Section 5-12-1 - Amateur radio antennas; limit on regulations. - A. Amateur radio antenna towers constructed prior to the effective...

Article 13 - Convention Center Financing

Section 5-13-1 - Short title. - Chapter 5, Article 13 NMSA 1978 may be cited as...

Section 5-13-2 - Definitions. - As used in the Convention Center Financing Act: A. "convention...

Section 5-13-3 - Authorized local governmental entities. - A. The following local governmental entities are authorized to impose...

Section 5-13-4 - Imposition of convention center fee; use of proceeds. - A. A local governmental entity may impose by ordinance a...

Section 5-13-5 - Exemptions. - The convention center fee shall not apply: A. if a...

Section 5-13-6 - Collection of convention center fee. - A. A vendor providing rooms in a local governmental entity...

Section 5-13-7 - Audit of vendors. - A local governmental entity assessing a convention center fee shall...

Section 5-13-8 - Financial reporting. - The chief executive officer of a local governmental entity assessing...

Section 5-13-9 - Enforcement. - A. An action to enforce the Convention Center Financing Act...

Section 5-13-10 - Collection of delinquencies. - A. A local governmental entity shall by ordinance provide that...

Section 5-13-11 - Lien for convention center fee; payment; certificate of lien. - A. The convention center fee assessed by a local governmental...

Section 5-13-12 - Ordinance requirements. - The ordinance imposing a convention center fee or any ordinance...

Section 5-13-13 - Revenue bonds. - A. Revenue bonds may be issued at any time by...

Section 5-13-14 - Refunding bonds. - A. A qualified municipality having issued revenue bonds as authorized...

Section 5-13-15 - Penalties. - A local governmental entity shall by ordinance provide for penalties...

Article 13A - Sports and Recreation Facility Financing Act

Section 5-13A-1 - Short title. - This act [5-13A-1 to 5-13A-14 NMSA 1978] may be cited...

Section 5-13A-2 - Definitions. - As used in the Sports and Recreation Facility Financing Act:...

Section 5-13A-3 - Authorization; sports and recreation facility fee imposition; local governing body. - A local governing body may impose a sports and recreation...

Section 5-13A-4 - Imposition of sports and recreation facility fee; use of proceeds; referendum. - A. A local governing body may impose by ordinance a...

Section 5-13A-5 - Exceptions. - The sports and recreation facility fee shall not apply: A....

Section 5-13A-6 - Collection of sports and recreation facility fee. - A. A vendor providing rooms in a qualified municipality in...

Section 5-13A-7 - Audit of vendors. - A local governing body imposing a sports and recreation facility...

Section 5-13A-8 - Financial reporting. - The chief financial officer of a local governing body assessing...

Section 5-13A-9 - Enforcement. - An action to enforce the Sports and Recreation Facility Financing...

Section 5-13A-10 - Collection of delinquencies. - A. A local governing body shall by ordinance provide that...

Section 5-13A-11 - Lien for sports and recreation facility fee payment; certificate of lien. - A. The sports and recreation facility fee assessed by a...

Section 5-13A-12 - Ordinance requirements. - The ordinance imposing a sports and recreation facility fee or...

Section 5-13A-13 - Revenue bonds. - A. Revenue bonds may be issued at any time by...

Section 5-13A-14 - Refunding bonds. - A. A qualified municipality having issued revenue bonds may issue...

Article 14 - Civic and Convention Center Funding

Section 5-14-1 - Short title. - This act [5-14-1 to 5-14-15 NMSA 1978] may be cited...

Section 5-14-2 - Definitions. - As used in the Civic and Convention Center Funding Act:...

Section 5-14-3 - Authorized local governmental entities. - The following local governmental entities are authorized to impose a...

Section 5-14-4 - Imposition of convention center fee; use of proceeds. - A. A local governmental entity that has met the requirements...

Section 5-14-5 - Exemptions. - The convention center fee shall not apply: A. if a...

Section 5-14-6 - Collection of convention center fee. - A. A vendor providing rooms within a local governmental entity...

Section 5-14-7 - Audit of vendors. - A local governmental entity imposing a convention center fee shall...

Section 5-14-8 - Financial reporting. - The chief executive officer of a local governmental entity imposing...

Section 5-14-9 - Enforcement. - A. An action to enforce the Civic and Convention Center...

Section 5-14-10 - Collection of delinquencies. - A. A local governmental entity shall by ordinance provide that...

Section 5-14-11 - Lien for convention center fee; payment; certificate of lien. - A. The convention center fee assessed by a local governmental...

Section 5-14-12 - Ordinance requirements. - The ordinance imposing a convention center fee or any ordinance...

Section 5-14-13 - Revenue bonds. - A. Revenue bonds may be issued at any time by...

Section 5-14-14 - Refunding bonds. - A. A qualified municipality having issued revenue bonds as authorized...

Section 5-14-15 - Penalties. - A local governmental entity shall by ordinance provide for penalties...

Article 15 - Tax Increment for Development

Section 5-15-1 - Short title. - Chapter 5, Article 15 NMSA 1978 may be cited as...

Section 5-15-2 - Findings and purpose. - A. The purpose of the Tax Increment for Development Act...

Section 5-15-3 - Definitions. - As used in the Tax Increment for Development Act: A....

Section 5-15-4 - Resolution for formation of a district. - A. A tax increment development plan may be approved by...

Section 5-15-5 - Contents of tax increment development plan. - A tax increment development plan shall include: A. a map...

Section 5-15-6 - Notice of public hearing. - A. Upon adoption of a resolution indicating an intent to...

Section 5-15-7 - Public hearing. - A. At a public hearing conducted pursuant to the Tax...

Section 5-15-8 - Formation determination; election. - A. The formation determination and election procedures set forth in...

Section 5-15-8.1 - Posting of notices. - For any election conducted pursuant to the Tax Increment for...

Section 5-15-9 - Formation of a district. - A. If the formation of the tax increment development district...

Section 5-15-10 - Governance of the district. - A. Following formation of a tax increment development district, a...

Section 5-15-11 - Records; open meetings. - A. A district shall keep the following records, which shall...

Section 5-15-12 - District powers; limitations. - A. In addition to other express or implied authority granted...

Section 5-15-13 - Authority to impose property tax levy. - A district has the power to establish a property tax...

Section 5-15-14 - Property tax levy rescission election. - A. A property tax levy imposed by a district may...

Section 5-15-15 - Tax increment financing; gross receipts tax increment to secure bonds. - A. A tax increment development plan, as originally approved or...

Section 5-15-15.1 - Filing fee for evaluating use of state gross receipts tax increment. - Prior to approval of a dedication of a gross receipts...

Section 5-15-16 - Bonding authority; gross receipts tax increment. - A. A district may issue gross receipts tax increment revenue...

Section 5-15-17 - Property tax increment bonds. - A. Notwithstanding any law to the contrary, but in accordance...

Section 5-15-18 - Bonding authority; property tax increment. - A. Subject to the limitations and in accordance with Article...

Section 5-15-19 - Refunding bonds. - A. A district board that has issued bonds in accordance...

Section 5-15-20 - General bonding authority of a tax increment development district; other limitations. - A. A district board shall not issue bonds against gross...

Section 5-15-20.1 - Debt service reserve account. - After the retirement of all bonds issued pursuant to the...

Section 5-15-21 - Approval required for issuance of bonds against state gross receipts tax increments. - A. In addition to all other requirements of the Tax...

Section 5-15-22 - Exemption from taxation. - The bonds authorized by the Tax Increment for Development Act...

Section 5-15-23 - Protection from impairment. - If the provisions set forth in the Tax Increment for...

Section 5-15-24 - Tax increment accounting procedures. - A district board shall separately account for all revenues and...

Section 5-15-25 - Modification of tax increment development area boundaries or tax increment development plan. - A. Following formation of a district, an area may be...

Section 5-15-25.1 - Base year revision; resolution; comment period; submission of materials. - A. A district may revise the base year that the...

Section 5-15-25.2 - Base year revision; approval. - A. The state board of finance may approve the revision...

Section 5-15-25.3 - Base year revision; effect. - A. Upon notice of the approval of a revision of...

Section 5-15-26 - Termination of tax increment development district. - A. A district shall be terminated by a resolution of...

Section 5-15-27 - Dedication of gross receipts tax increment; notice to taxation and revenue department. - A. If the state board of finance or a taxing...

Section 5-15-28 - Bond term expiration. - The terms of bonds issued pursuant to the Tax Increment...

Section 5-15-29 - Report required. - On September 1 of each year, the district board of...

Article 15A - Mesa del Sol Projects

Section 5-15A-1 - Authorization of issuance of bonds. - Pursuant to the provisions of Section 5-15-21 NMSA 1978, the...

Section 5-15A-2 - Duration of authorization. - The duration of the authorization for issuance of bonds in...

Section 5-15A-3 - Certain capital projects prohibited. - A. The legislature shall not approve or authorize any capital...

Article 15B - Taos Ski Valley Projects

Section 5-15B-1 - Authorization of issuance of bonds. - The legislature authorizes the issuance of bonds not to exceed...

Section 5-15B-2 - Duration of authorization. - The duration of the authorization for issuance of bonds in...

Section 5-15B-3 - Certain capital projects prohibited. - A. The legislature shall not approve or authorize any capital...

Section 5-15B-4 - Reduction in state gross receipts tax revenue. - Once the developer of the village of Taos Ski Valley...

Article 16 - Regional Spaceport District

Section 5-16-1 - Short title. - Sections 1 through 13 [5-16-1 to 5-16-13 NMSA 1978] of...

Section 5-16-2 - Purposes. - The purposes of the Regional Spaceport District Act are to:...

Section 5-16-3 - Definitions. - As used in the Regional Spaceport District Act: A. "authority"...

Section 5-16-4 - Creation of district. - A. A combination may create a regional spaceport district by...

Section 5-16-5 - Board. - A. All powers, privileges and duties vested in or imposed...

Section 5-16-6 - Powers of the district. - A. A district is a body politic and corporate. In...

Section 5-16-7 - Bonds. - A district may enter into contracts with the authority pursuant...

Section 5-16-8 - Investments. - A board shall invest or deposit funds in accordance with...

Section 5-16-9 - Taxation. - A district has no direct taxation authority. History: Laws 2006,...

Section 5-16-10 - Cooperative powers. - A district may cooperate with a person to: A. accept...

Section 5-16-11 - Notice; opportunity for comment. - At least seven business days prior to a regularly scheduled...

Section 5-16-12 - Addition or withdrawal of territory by a district. - A. After the creation of a district, a governmental unit...

Section 5-16-13 - Use of revenue by governmental units. - Each governmental unit that is a county or municipality and...

Article 17 - Infrastructure Development Zone

Section 5-17-1 - Short title. - Chapter 5, Article 17 NMSA 1978 may be cited as...

Section 5-17-2 - Definitions. - As used in the Infrastructure Development Zone Act: A. "approving...

Section 5-17-3 - Organization of infrastructure development zone; submission of service plan. - A. An infrastructure development zone may be entirely within or...

Section 5-17-4 - Public hearing required. - A. After receiving a petition and a service plan, the...

Section 5-17-5 - Objecting petition; plan to be disapproved. - No service plan shall be approved if a petition objects...

Section 5-17-6 - Request for exclusion. - A. The governing body may exclude territory from a proposed...

Section 5-17-7 - Action on petition and service plan; criteria. - A. Within sixty days of a hearing held pursuant to...

Section 5-17-8 - Approval of service plan; petition granted; election scheduled. - A. If the service plan is approved as submitted, the...

Section 5-17-9 - Designation of approving authority. - A. The approving authority shall be: (1) for an infrastructure...

Section 5-17-10 - Organization election. - A. The election official designated by the approving authority shall...

Section 5-17-11 - Filing resolution and service plan. - Within thirty days after the effective date of the resolution...

Section 5-17-12 - Service area of infrastructure development zones; overlapping districts. - A. Except as provided in Subsection B of this section,...

Section 5-17-13 - Approval by an annexing municipality. - A. If an infrastructure development zone that was not originally...

Section 5-17-14 - Service plan; compliance; modification; enforcement. - A. Upon the organization of an infrastructure development zone, the...

Section 5-17-15 - Inclusion of territory; procedure. - A. Additional territory may be added to an infrastructure development...

Section 5-17-16 - Effect of inclusion order. - The following shall be applicable to any proceeding for inclusion...

Section 5-17-17 - Exclusion of territory. - A. The boundaries of an infrastructure development zone may be...

Section 5-17-18 - Effect of exclusion order. - A. Territory excluded from an infrastructure development zone pursuant to...

Section 5-17-19 - Dissolution. - A. The infrastructure development zone shall be dissolved by a...

Section 5-17-20 - Elections. - A. Except as provided otherwise in the Infrastructure Development Zone...

Section 5-17-21 - Directors; terms; organization of board. - A. Of the initial board members, two directors shall serve...

Section 5-17-22 - General powers. - Except as limited by the service plan of the infrastructure...

Section 5-17-23 - Park and recreational services; additional powers; limitations. - In addition to the powers specified in Section 22 [5-17-22...

Section 5-17-24 - Sanitation, water and sanitation or water services; additional powers. - In addition to the powers specified in Section 22 [5-17-22...

Section 5-17-25 - Subdistricts. - A. The board may divide the infrastructure development zone into...

Section 5-17-26 - Revenues. - The projects to be constructed or acquired as shown in...

Section 5-17-27 - State capital outlay projects prohibited. - An infrastructure development zone shall not request nor receive state...

Section 5-17-28 - General obligation bonds; tax levy; exception. - A. At any time after the organization of the infrastructure...

Section 5-17-29 - Special assessment; bonds; imposition. - A. At any time after the organization of the infrastructure...

Section 5-17-30 - Revenue bonds; fees and charges. - A. At any time after the organization of the infrastructure...

Section 5-17-31 - Term of bonds. - For any bonds issued in connection with Section 28, 29...

Section 5-17-32 - Petition for tax reduction; annual financial estimate; budget; certification to local government division. - A. Upon presentation to the board of a petition signed...

Section 5-17-33 - Bonds not obligation of state. - Except as otherwise provided in the Infrastructure Development Zone Act,...

Section 5-17-34 - Exemption from Community Service District Act and Special District Procedures Act. - Infrastructure development zones and the provisions of the Infrastructure Development...

Section 5-17-35 - Cumulative authority. - The Infrastructure Development Zone Act shall be deemed to provide...

Section 5-17-36 - Liberal interpretation. - The Infrastructure Development Zone Act, being necessary for the welfare...

Article 18 - Renewable Energy Financing District Act

Section 5-18-1 - Short title. - This act [5-18-1 to 5-18-13 NMSA 1978] may be cited...

Section 5-18-2 - Legislative findings. - The legislature finds that: A. the development of renewable energy...

Section 5-18-3 - Definitions. - As used in the Renewable Energy Financing District Act: A....

Section 5-18-4 - Renewable energy financing districts authorized. - A. A governing body of a municipality or county may...

Section 5-18-5 - Resolution declaring intention to form district. - A. A governing body may adopt a resolution declaring its...

Section 5-18-6 - Hearing; formation of a district. - A. At the hearing on formation of a district, the...

Section 5-18-7 - Special assessment; lien created. - A. The district board may impose a special assessment on...

Section 5-18-8 - Special assessment bonds. - A. A district may issue one or more series of...

Section 5-18-9 - Appointment of directors; qualifications; terms; resumption of governance by governing body. - A. The governing body, at its option, may authorize the...

Section 5-18-10 - Notice and conduct of election for district board. - A. An election pursuant to the Renewable Energy Financing District...

Section 5-18-11 - Powers and duties of a district. - A. The district board shall: (1) establish guidelines and standards...

Section 5-18-12 - Change in district. - A. At any time after adoption of a resolution creating...

Section 5-18-13 - Dissolution of district. - The district may be dissolved by the district board by...

Article 19 - Franchise and Other Agreements

Section 5-19-1 - Validity of current franchise and right-of-way agreements. - Municipal and county franchise and other agreements with public utilities,...

Article 20 - Regional Air Center Special Economic District

Section 5-20-1 - Short title. - Sections 1 through 10 [5-20-1 to 5-20-10 NMSA 1978] of...

Section 5-20-2 - Definitions. - As used in the Regional Air Center Special Economic District...

Section 5-20-3 - Creation of a district. - A municipality and the county in which the municipality is...

Section 5-20-4 - Creation of an authority; members; terms; qualifications. - A. A municipality and county that form a district shall...

Section 5-20-5 - Authority; powers; duties. - A. An authority is a political subdivision of the state...

Section 5-20-6 - Revenue bonds; exemption from taxation. - A. To effectuate the purposes of the district it governs,...

Section 5-20-7 - Bonding authority. - A. A district may issue revenue bonds, the pledged revenue...

Section 5-20-8 - Refunding bonds. - A. A district that has issued bonds in accordance with...

Section 5-20-9 - Bonds not obligation of the state. - Except as otherwise provided in the Regional Air Center Special...

Section 5-20-10 - Dissolution. - The municipality and county that formed the district and any...

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New Mexico Statutes Chapter 5 - Municipalities and Counties

New Mexico Statutes
Chapter 5 - Municipalities and Counties