A. Except as provided in Subsection B of this section, all fees collected under the provisions of the Aircraft Registration Act shall be remitted to the state treasurer by the division for credit to the state aviation fund.
B. Eighty percent of registration fees collected with respect to aircraft registered pursuant to Subsection B of Section 64-4-4 NMSA 1978 and that are located on airports owned by a local government shall be distributed to the local government. The fees so distributed shall be used by the local government for airport upgrades, including repair, reconstruction and maintenance of runways and related facilities. Local government funding to the airport shall not be replaced in whole or in part by this distribution.
History: 1953 Comp., § 44-5-14, enacted by Laws 1965, ch. 122, § 14; 1970, ch. 50, § 10; 1977, ch. 250, § 31; 2003, ch. 224, § 3.
The 2003 amendment, effective July 1, 2003, added the Subsection A designation; added "Except as provided in Subsection B of this section" at the beginning of Subsection A; and added Subsection B.
Structure New Mexico Statutes
Article 4 - Registration of Aircraft
Section 64-4-2 - Purpose of act.
Section 64-4-4 - Aircraft registration.
Section 64-4-5 - Time of registration; penalty.
Section 64-4-5.1 - Unpaid registration fees; lien; hearing; seizure.
Section 64-4-6 - Action on application.
Section 64-4-7 - Division duties.
Section 64-4-8 - Rules and regulations.
Section 64-4-9 - Duplicate certificates.
Section 64-4-10 - Transfer of registration.
Section 64-4-11 - Registration fees.
Section 64-4-12 - Aircraft dealer's and specialized-use license.
Section 64-4-13 - Fraudulent applications.