2009 New Mexico Statutes
Chapter 5 - Municipalities and Counties.
Article 15 - Tax Increment for Development
Section 5-15-20.1 - Debt service reserve account.
5-15-20.1. Debt service reserve account.
After the retirement of all bonds issued pursuant to the tax increment development plan, any balance in a debt service reserve account established for the payment of those bonds shall be paid to the governments that have dedicated a tax increment to the district in proportion to the amount of tax increment attributable to their dedication.
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