New Mexico Statutes
Article 11 - Public Improvement District
Section 5-11-25 - Limitation of liability.

Neither any member of the board of directors of a district nor any person acting on behalf of the district, while acting within the scope of his authority, shall be subject to any personal liability for any action taken or omitted within that scope of authority.
History: Laws 2001, ch. 305, ยง 25.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 5 - Municipalities and Counties

Article 11 - Public Improvement District

Section 5-11-1 - Short title.

Section 5-11-2 - Definitions.

Section 5-11-2.1 - Formation of a public improvement district; application requirements.

Section 5-11-3 - Resolution declaring intention to form district.

Section 5-11-4 - Notice and public hearing.

Section 5-11-5 - Hearing on objections.

Section 5-11-6 - Order forming district; formation determination; election.

Section 5-11-7 - Notice and conduct of election; waiver.

Section 5-11-7.1 - Posting of notices.

Section 5-11-8 - Formation; debt limitation.

Section 5-11-9 - Appointment of directors; qualifications; terms; resumption of governance by governing body.

Section 5-11-10 - Powers of a public improvement district.

Section 5-11-11 - Perpetual succession.

Section 5-11-12 - Records; board of directors; open meetings.

Section 5-11-13 - Change in district boundaries or general plan.

Section 5-11-14 - Participation by municipality or county.

Section 5-11-15 - Other districts or improvements.

Section 5-11-16 - Project approval.

Section 5-11-17 - Finances.

Section 5-11-18 - Recording documents.

Section 5-11-18.1 - Notice obligations to purchaser; requirements; remedies.

Section 5-11-19 - General obligation bonds; tax levy; exception.

Section 5-11-20 - Special levy; bonds; imposition.

Section 5-11-21 - Revenue bonds; fees and charges.

Section 5-11-22 - Terms of bonds.

Section 5-11-23 - District taxes; annual financial estimate; annual financial estimate and budget; certification to local government division.

Section 5-11-24 - Dissolution of district.

Section 5-11-25 - Limitation of liability.

Section 5-11-26 - Cumulative authority.

Section 5-11-27 - Liberal interpretation.