New Mexico § 3-38A-5 Financial reporting. (Repealed effective July 1, 2028.)

New Mexico Statutes

§ 3-38A-5 — Financial reporting. (Repealed effective July 1, 2028.)

New Mexico·Ch. 3 Municipalities·Art. 38A Hospitality Fee

The governing body of a municipality imposing a hospitality fee shall: A. furnish to any municipal advisory board dealing with occupancy, lodging or accommodation taxes or fees information on that portion of a proposed budget report or audit filed or received by the governing body pursuant to either Chapter 6, Article 6 NMSA 1978 or the Audit Act [12-6-1 to 12-6-14 NMSA 1978] that relates to the expenditure of hospitality fee proceeds within ten days of the filing or receipt of that proposed budget, report or audit; and B. report quarterly to the local government division of the department of finance and administration on the expenditure of hospitality fee proceeds pursuant to Sections 3-38- 15 and 3-38-21 NMSA 1978.

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The governing body of a municipality imposing a hospitality fee shall: A. furnish to any municipal advisory board dealing with occupancy, lodging or accommodation taxes or fees information on that portion of a proposed budget report or audit filed or received by the governing body pursuant to either Chapter 6, Article 6 NMSA 1978 or the Audit Act [12-6-1 to 12-6-14 NMSA 1978] that relates to the expenditure of hospitality fee proceeds within ten days of the filing or receipt of that proposed budget, report or audit; and B. report quarterly to the local government division of the department of finance and administration on the expenditure of hospitality fee proceeds pursuant to Sections 3-38- 15 and 3-38-21 NMSA 1978.

New Mexico § 3-38A-5 (Financial reporting. (Repealed effective July 1, 2028.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.