The local government that created the enterprise zone shall organize, coordinate and direct the administration of the enterprise zone in accordance with law, applicable ordinances, resolutions, any joint powers agreements and the enterprise zone plan. It may enter into a contract with an appropriate organization to provide the management of the activities of the zone. The local government is solely responsible for meeting the reporting requirements listed in Section 8 [5-9-8 NMSA 1978] of the Enterprise Zone Act.
History: Laws 1993, ch. 33, ยง 7.
Structure New Mexico Statutes
Chapter 5 - Municipalities and Counties
Section 5-9-4 - Designation of enterprise zones; revocation of designation.
Section 5-9-5 - Eligibility requirements.
Section 5-9-6 - Enterprise zone plan; incentives and initiatives.
Section 5-9-7 - Administration.
Section 5-9-8 - Evaluation and reporting requirements.
Section 5-9-9 - State agency cooperation; business incentives.
Section 5-9-10 - Tax increment method of financing.
Section 5-9-11 - Tax increment procedures.
Section 5-9-12 - Enterprise zone fund; creation; use.
Section 5-9-13 - Tax increment method approval.
Section 5-9-14 - Tax increment method; base value for distribution.