2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 29 Sanitary Projects
Section 3-29-5 Restrictions on forming an association.
3-29-5. Restrictions on forming an association.
A. A new association shall not be formed under the Sanitary Projects Act by original incorporation after January 1, 2000, and a new association shall not be formed by reorganization after January 1, 2000, unless the preceding entity was in existence on January 1, 2000, if the service area of either association includes property contiguous to an incorporated municipality or an unincorporated area currently served by a municipality or by a water and sanitation district. The restrictions on forming an association set forth in this subsection shall not apply if the contiguous incorporated municipality or water and sanitation district does not provide the services or cannot provide the services to be provided by the association at or below the cost proposed by the association.
B. An association shall not construct with state funds a project required in order to allow creation of a subdivision under the provisions of the Land Subdivision Act [47-5-1 to 47-5-8 NMSA 1978], the New Mexico Subdivision Act [Chapter 47, Article 6 NMSA 1978] or Section 47-5-9 NMSA 1978; however, an association may construct a project serving a previously approved subdivision in the service area of the association.
C. After July 1, 2006, a new association shall not be formed as a capital stock corporation.
History: 1953 Comp., 14-28-5, enacted by Laws 1965, ch. 300; 1969, ch. 192, 2; 1983, ch. 296, 27; 2000, ch. 56, 2; 2006, ch. 60, 4.
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