Nothing in the Local Economic Development Act shall be construed to affect any other requirements of the constitution or other laws regarding local government debt, issuance of bonds, use of tax revenues or the grant, lease or sale of land or other property.
History: Laws 1993, ch. 297, § 13.
Severability. — Laws 1993, ch. 297, § 14 provided for the severability of the act if any part or application thereof is held invalid.
Structure New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 10 - Local Economic Development
Section 5-10-2 - Findings and purpose of act.
Section 5-10-5 - Economic development department; technical assistance.
Section 5-10-6 - Economic development plan; contents; publication.
Section 5-10-7 - Regional plans; joint powers agreement; regional government.
Section 5-10-8 - Applications for public support.
Section 5-10-9 - Project evaluation; department.
Section 5-10-11 - Project revenues; special fund; annual audit.
Section 5-10-12 - Plan and project termination.
Section 5-10-13 - Limitations.
Section 5-10-14 - Local Economic Development Act fund.
Section 5-10-16 - Grants to reimburse rent, lease or mortgage payments for certain businesses.