There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 3 - Municipalities
Article 51 - Greater Municipality Parking
Section 3-51-25 - Payment; interest; penalties.
Universal Citation: NM Stat § 3-51-25 (2017)
3-51-25. Payment; interest; penalties.
The governing body of the city shall have the power to provide for the time and terms of payment of the assessments and the rate of interest upon deferred payments thereof, which rate shall not exceed eight percent per annum. The assessments shall bear interest from the date of publication of the assessing ordinance. The maximum time for the payment of the assessments on deferred installment payments shall be thirty years.
History: 1953 Comp., 14-52-22, enacted by Laws 1965, ch. 300; 1971, ch. 173, 15.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
