New Mexico § 5-15-9 Formation of a district

New Mexico Statutes

§ 5-15-9 — Formation of a district

New Mexico § 5-15-9

Ch. 5Municipalities and Counties

Art. 15Tax Increment for Development

This text of New Mexico § 5-15-9 (Formation of a district) 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. § 5-15-9 (2026).

Text

A. If the formation of the tax increment development district is approved in accordance with the provisions of Section 5-15-8 NMSA 1978, the governing body shall deliver a copy of the resolution ordering formation of the tax increment development district to each of the following persons or entities:

(1)the county assessor, the county treasurer and the clerk of the county in which the district is located;

(2)the school district within which any portion of the property located within a tax increment development area lies;

(3)any other taxing entities within which any portion of the property located within a tax increment development area lies;

(4)the taxation and revenue department;

(5)the local government division of the department of finance and administration; and (6) the director o

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A. If the formation of the tax increment development district is approved in accordance with the provisions of Section 5-15-8 NMSA 1978, the governing body shall deliver a copy of the resolution ordering formation of the tax increment development district to each of the following persons or entities: (1) the county assessor, the county treasurer and the clerk of the county in which the district is located; (2) the school district within which any portion of the property located within a tax increment development area lies; (3) any other taxing entities within which any portion of the property located within a tax increment development area lies; (4) the taxation and revenue department; (5) the local government division of the department of finance and administration; and (6) the director of the legislative finance committee. B. A notice of the formation showing the number and date of the resolution and giving a description of the land included in the district shall be recorded with the clerk of the county in which the district is located. C. A tax increment development district shall be a political subdivision of the state, separate and apart from a municipality or county. D. By the July 1 following at least ninety days after receipt of the notice required by this section, the taxation and revenue department shall designate a reporting location code for the tax increment development district pursuant to Section 7-1-14 NMSA 1978.