New Mexico Statutes

§ 4-55D-7 — Special assessment financing

New Mexico·Ch. 4 Counties·Art. 55D Improvement Special Assessment
A.Special assessment financing shall be provided by capital providers and disbursed directly by capital providers to fund eligible improvements subject to a special assessment financing agreement.
B.A county is not liable in any way for the debt of the property owner, is not a third- party obligor and is not pledging or lending its credit to the property owner or the capital provider.

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Legislative History

Laws 2023, ch. 150, § 7.

Nearby Sections

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