New Mexico Statutes

§ 5-8-2 — Definitions

New Mexico·Ch. 5 Municipalities and Counties·Art. 8 Land Development Fees and Rights

As used in the Development Fees Act: A. "affordable housing" means any housing development built to benefit those whose income is at or below eighty percent of the area median income; and who will pay no more than thirty percent of their gross monthly income towards such housing; B. "approved land use assumptions" means land use assumptions adopted originally or as amended under the Development Fees Act; C. "assessment" means a determination of the amount of an impact fee; D. "capital improvement" means any of the following facilities that have a life expectancy of ten or more years and are owned and operated by or on behalf of a municipality or county:

(1)water supply, treatment and distribution facilities; wastewater collection and treatment facilities; and storm water, drainage and flo

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Legislative History

Laws 1993, ch. 122, § 2.

Nearby Sections

15
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