The resolution authorized under Section 22-25-3 NMSA 1978 shall be adopted within the time frames required by the Election Code [Chapter 1 NMSA 1978] and pursuant to the requirements of the property tax division of the taxation and revenue department.
History: 1953 Comp., § 77-25-4, enacted by Laws 1975 (S.S.), ch. 5, § 4; 2019, ch. 212, § 223.
The 2019 amendment, effective April 3, 2019, required that a resolution on the question of imposition of capital improvements tax be adopted within the time frames required by the Election Code and pursuant to the requirements of the property tax division of the taxation and revenue department; changed "3 of the Public School Capital Improvements Act" to "22-25-3 NMSA 1978", and after "adopted", deleted "no later than May 15 in the year in which the tax is proposed and to be imposed" and added the remainder of the section.
Structure New Mexico Statutes
Article 25 - Public School Capital Improvements
Section 22-25-1 - Short title.
Section 22-25-2 - Definitions.
Section 22-25-4 - Authorizing resolution; time limitation.
Section 22-25-5 - Conduct of election; notice; ballot.
Section 22-25-6 - Election results; canvass; certification.
Section 22-25-7 - Imposition of tax; limitation on expenditures.
Section 22-25-8 - Tax to be imposed for a maximum of six years.
Section 22-25-9 - State distribution to school district imposing tax under certain circumstances.
Section 22-25-10 - Public school capital improvements fund created.
Section 22-25-11 - Expenditures by charter schools; reports to department.