The business improvement benefit fee shall be distributed to the management committee on an annual basis pursuant to rules and guidelines established by the council and in accordance with the approved budget of the management committee.
History: Laws 1988, ch. 32, ยง 16.
Structure New Mexico Statutes
Article 63 - Business Improvement Districts
Section 3-63-2 - Purpose of act.
Section 3-63-4 - District creation; purpose; improvement; authority.
Section 3-63-5 - District; authority; creation.
Section 3-63-6 - Creation by petition.
Section 3-63-7 - Ordinance creating the district.
Section 3-63-9 - Planning group.
Section 3-63-10 - Notice and hearing.
Section 3-63-11 - Management committee; creation; duties.
Section 3-63-12 - Issuance and sale of bonds.
Section 3-63-13 - Annual assessment; special account.
Section 3-63-14 - Assessments; terms of payment; liens; foreclosure.
Section 3-63-15 - District review.
Section 3-63-16 - Business improvement benefit fee distribution.