New Mexico Statutes

§ 5-17-16 — Effect of inclusion order

New Mexico·Ch. 5 Municipalities and Counties·Art. 17 Infrastructure Development Zone
The following shall be applicable to any proceeding for inclusion accomplished pursuant to Section 15 [5-17-15 NMSA 1978] of the Infrastructure Development Zone Act: A. nothing in Section 15 of the Infrastructure Development Zone Act shall affect the validity of any area or property included or excluded from an infrastructure development zone by virtue of prior laws; B. after the date of its inclusion in an infrastructure development zone, the property shall be subject to all of the taxes and charges imposed by the infrastructure development zone and shall be liable for its proportionate share of existing bonded indebtedness of the infrastructure development zone; but it shall not be liable for any taxes or charges levied or assessed prior to its inclusion in the infrastructure development

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Legislative History

Laws 2009, ch. 136, § 16.

Nearby Sections

15
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