A county may form a district:
A. the initial boundaries of which lie within the jurisdiction of the county; and
B. that includes an operating coal-fueled electric generating facility that is owned by a non-investor-owned electric utility or a coal-fueled electric generating facility that is owned by a non-investor-owned electric utility and has been or is in the process of being retired.
History: Laws 2020, ch. 78, § 3.
Emergency clause. — Laws 2020, ch. 78, § 13 contained an emergency clause and was approved March 9, 2020.
Structure New Mexico Statutes
Chapter 71 - Energy and Minerals
Article 10 - Electric Generating Facility Economic District
Section 71-10-1 - Short title.
Section 71-10-2 - Definitions.
Section 71-10-3 - Creation of a district.
Section 71-10-4 - Creation of an authority; members; terms; qualifications.
Section 71-10-5 - Authority; powers; duties.
Section 71-10-6 - Revenue bonds; exemption from taxation.
Section 71-10-7 - Bonding authority.
Section 71-10-8 - Refunding bonds.
Section 71-10-9 - Bonds not obligation of the state or a county.