A. A vendor providing rooms within a local governmental entity that has imposed a convention center fee shall collect the proceeds on behalf of the local governmental entity and shall act as a trustee for the fees collected.
B. The convention center fee shall be collected from vendees in accordance with the ordinance imposing the convention center fee and shall be accounted for separately from the rent fixed by the vendor for rooms.
History: Laws 2003, ch. 374, ยง 6.
Structure New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 14 - Civic and Convention Center Funding
Section 5-14-3 - Authorized local governmental entities.
Section 5-14-4 - Imposition of convention center fee; use of proceeds.
Section 5-14-6 - Collection of convention center fee.
Section 5-14-7 - Audit of vendors.
Section 5-14-8 - Financial reporting.
Section 5-14-10 - Collection of delinquencies.
Section 5-14-11 - Lien for convention center fee; payment; certificate of lien.
Section 5-14-12 - Ordinance requirements.
Section 5-14-13 - Revenue bonds.