2006 New Mexico Statutes - Section 3-60-28 — Utility relocation.

3-60-28. Utility relocation.

A.     In the event any municipality, community development agency or other public body, in exercising any of the powers conferred by the Community Development Law [ 3-60-1 to 3-60-37 NMSA 1978], makes necessary the relocation, removal, raising, rerouting or changing the grade of or altering the construction of any pipeline, pole, line wire or other facility or property of a privately or cooperatively owned utility, or of a publicly or municipally owned utility, all such necessary relocation, removal, raising, rerouting, changing of grade or alteration of construction shall be accomplished at the expense of the municipality, community development or other public body making the same necessary.   

B.     As used in Subsection A of this section, "expense" means the cost to the utility properly attributable to such relocation, removal, raising, rerouting, changing of grade or alteration of construction, after deducting therefrom any increase in the value of the new facility and any salvage value derived from the old facility.