2006 New Mexico Statutes - Section 59A-56-12 — Initial administrative assessment.
59A-56-12. Initial administrative assessment.
Following the superintendent's approval or adoption of the plan of operations, the board may impose an initial assessment of five hundred dollars ($500) on each member. New members shall also be subject to the initial assessment. These funds shall not be considered as income to offset any administrative expenses in future assessments. Additional expenses to establish and to operate the alliance shall first be assessed following the first calendar year of operation of the alliance.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
