A district may be created pursuant to the Business Improvement District Act to provide services that shall attempt to restore or promote the economic vitality of the district and the general welfare of the incorporated municipality.
History: Laws 1988, ch. 32, ยง 4.
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.