The governing body of a municipality imposing a hospitality fee shall:
A. furnish to any municipal advisory board dealing with occupancy, lodging or accommodation taxes or fees information on that portion of a proposed budget report or audit filed or received by the governing body pursuant to either Chapter 6, Article 6 NMSA 1978 or the Audit Act [12-6-1 to 12-6-14 NMSA 1978] that relates to the expenditure of hospitality fee proceeds within ten days of the filing or receipt of that proposed budget, report or audit; and
B. report quarterly to the local government division of the department of finance and administration on the expenditure of hospitality fee proceeds pursuant to Sections 3-38-15 and 3-38-21 NMSA 1978.
History: Laws 2003, ch. 417, § 5.
Delayed repeals. — Laws 2007, ch. 233, § 1 amended Laws 2003, ch. 417, § 13, to provide that the Hospitality Fee Act is repealed effective July 1, 2028.
Structure New Mexico Statutes
Section 3-38A-1 - Short title. (Repealed effective July 1, 2028.)
Section 3-38A-2 - Definitions. (Repealed effective July 1, 2028.)
Section 3-38A-3 - Hospitality fee authorized; rate; purpose. (Repealed effective July 1, 2028.)
Section 3-38A-4 - Collection of hospitality fee; audit. (Repealed effective July 1, 2028.)
Section 3-38A-5 - Financial reporting. (Repealed effective July 1, 2028.)
Section 3-38A-6 - Ordinance requirements. (Repealed effective July 1, 2028.)
Section 3-38A-7 - Collection of delinquencies; civil penalty. (Repealed effective July 1, 2028.)
Section 3-38A-9 - Enforcement. (Repealed effective July 1, 2028.)
Section 3-38A-10 - Penalties; criminal. (Repealed effective July 1, 2028.)
Section 3-38A-11 - Revenue bonds. (Repealed effective July 1, 2028.)
Section 3-38A-12 - Refunding bonds. (Repealed effective July 1, 2028.)