2006 New Mexico Statutes - 66-3-2.11 — Allocation registration; one-way rental fleet vehicles; allocation of vehicles; fee; identification.

66-3-2.11. Allocation registration; one-way rental fleet vehicles; allocation of vehicles; fee; identification.

A.     Any owner of a one-way rental fleet may, in lieu of registration under Sections 66-6-3 and 66-6-4 NMSA 1978, register each fleet for operation in this state by filing with the division an application which contains total fleet miles, in-state miles, a description of each motor vehicle as required in Subsection A of Section 65-1-13 NMSA 1978 and any other information pertinent to vehicle registration as the division may require.   

B.     The owner of the one-way rental fleet shall designate those vehicles which are to be allocated for registration in New Mexico.  The number of vehicles must be equal to or larger than the result of multiplying the total number of vehicles by the ratio of in-state miles to total fleet miles.   

C.     The fee for one-way rental fleet registration shall be the amount necessary to register each of the vehicles allocated for registration in New Mexico under Sections 66-6-3 and 66-6-4 NMSA 1978.   

D.     A registration plate and registration card shall be issued by the division for each vehicle allocated for registration in New Mexico.  The plate shall be displayed upon the vehicle and the registration card shall be in the vehicle at all times.   

E.     All vehicles of the one-way rental fleet listed on the application, whether allocated for registration in New Mexico or not, shall be deemed registered for any type of movement or operation, provided that all other state requirements have been met.   

F.     The provisions of Section 65-1-18 NMSA 1978 pertaining to records and audits shall apply to any owner of a one-way rental fleet who has chosen to allocate vehicles in New Mexico.