2018 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 17 - Infrastructure Development Zone Act
Section 5-17-26 - Revenues.
The projects to be constructed or acquired as shown in the service plan may be financed from the following sources of revenue:
A. proceeds received from the sale of bonds of the infrastructure development zone;
B. money of the municipality or county contributed to the infrastructure development zone;
C. annual property taxes or special assessments;
D. state or federal grants or contributions;
E. private contributions;
F. user, landowner and other fees, tolls and charges;
G. proceeds of loans or advances; and
H. any other money available to the infrastructure development zone by law.
History: Laws 2009, ch. 136, § 26.
Effective dates. — Laws 2009, ch. 136 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2009, 90 days after the adjournment of the legislature.
