New Mexico § 3-63-3 Definitions

New Mexico Statutes

§ 3-63-3 — Definitions

New Mexico § 3-63-3

Ch. 3Municipalities

Art. 63Business Improvement Districts

This text of New Mexico § 3-63-3 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 3-63-3 (2026).

Text

As used in the Business Improvement District Act: A. "business" means a fixed place of business within an incorporated municipality where one or more persons are employed or engaged in the purchase, sale, provision or manufacturing of commodities, products or services, and includes the ownership of unoccupied real property that is held for commercial investment purposes, for sale or for lease; B. "council" means the governing body of the incorporated municipality within which the district is found; C. "district" means an entity having a contiguous area of clearly defined boundaries within an incorporated municipality in which at least three-quarters of the area is zoned and used for business or mixed commercial or retail use, that is established pursuant to the Business Improvement Distric

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As used in the Business Improvement District Act: A. "business" means a fixed place of business within an incorporated municipality where one or more persons are employed or engaged in the purchase, sale, provision or manufacturing of commodities, products or services, and includes the ownership of unoccupied real property that is held for commercial investment purposes, for sale or for lease; B. "council" means the governing body of the incorporated municipality within which the district is found; C. "district" means an entity having a contiguous area of clearly defined boundaries within an incorporated municipality in which at least three-quarters of the area is zoned and used for business or mixed commercial or retail use, that is established pursuant to the Business Improvement District Act in which the improvements are to be constructed and upon which the business improvement benefit fee for the costs of the improvements is to be imposed; D. "improvement" means any one or any combination of services or projects in one or more locations authorized pursuant to the Business Improvement District Act; E. "management committee" means the district management committee as established pursuant to the Business Improvement District Act; F. "planning group" means a group appointed by the council to prepare the proposed district plans as provided in the Business Improvement District Act; and G. "real property" means real property that is used to engage in the purchase, sale, provision or manufacturing of commodities, products or services and unoccupied real property that is held for commercial investment purposes, for sale or for lease.