New Mexico Statutes

§ 5-8-6 — Capital improvements plan

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

A. A municipality or county shall use qualified professionals to prepare the capital improvements plan and to calculate the impact fee. The capital improvements plan shall follow the infrastructure capital improvement planning guidelines established by the department of finance and administration and shall address the following:

(1)a description, as needed to reasonably support the proposed impact fee, which shall be prepared by a qualified professional, of the existing capital improvements within the service area and the costs to upgrade, update, improve, expand or replace the described capital improvements to adequately meet existing needs and usage and stricter safety, efficiency, environmental or regulatory standards;
(2)an analysis, which shall be prepared by a qualified professiona

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Legislative History

Laws 1993, ch. 122, § 6.

Nearby Sections

15
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