Section 4-55A-39 – Improvement district; construction of sections.
Nothing contained in Sections 4-55A-35 through 4-55A-38 NMSA 1978 shall be construed as: A. increasing the burden or liability of any tract or parcel of land or the owner of any tract or parcel of land; or B. except for issuance of the refunding bonds, creating any additional liability of the county. History: Laws 1980, […]
Section 4-55A-40 – Street and road improvement fund authorization.
In the case of creation of a county improvement district in accordance with the provisions of the County Improvement District Act, the board of county commissioners of any county may, by ordinance, establish a street and road improvement fund into which may be transferred all or any part of the distributions of such amounts of […]
Section 4-55A-41 – Street and road improvement fund; use.
Bonds or assignable certificates authorized in Section 4-55A-20 NMSA 1978 for the construction of a street, road, walkway, bridge, overpass, underpass, pathway, alley, curb, gutter or sidewalk project may be purchased by the street and road improvement fund; provided that the bonds or assignable certificates shall be held in trust by the county treasurer and […]
Section 4-55A-42 – Street and road improvement fund; repurchasing bonds or certificates; pledging income.
A. The board of county commissioners may, by ordinance approved by three-fourths of all the members of the board of county commissioners and irrepealable during the term of the contract and for a period not exceeding twenty-one years, contract: (1) to repurchase bonds or assignable certificates authorized in Section 4-55A-20 NMSA 1978 for construction of […]
Section 4-55A-43 – Street and road improvement fund; diverting proceeds from tax.
After the adoption of the ordinance creating a contract as authorized in Section 4-55A-3 NMSA 1978 and so long as the contract is effective, it is unlawful: A. to directly or indirectly divert any such amounts of tax revenue directed to be credited to the street and road improvement fund; and B. without the written […]
Section 4-55A-38 – Improvement district; payment of assessment for refunding bond; maximum term; interest; prepayment; liens.
A. In connection with issuance of refunding bonds as provided in Sections 4-55A-35 through 4-55A-38 NMSA 1978, the board may by ordinance provide that any unpaid assessment and accrued interest on the assessment shall be paid in not more than twenty years with interest at a rate of interest not less than the rate borne […]
Section 4-55A-29 – Improvement district; reassessment after voiding of assessments; procedure.
A. It is the purpose of Sections 4-55A-29 through 4-55A-33 NMSA 1978 to: (1) charge the cost of any improvement payable by the tract or parcel of land benefited by the improvement by making a reassessment for the cost of the improvement; and (2) permit the making of a reassessment when an original assessment is […]
Section 4-55A-30 – Improvement district; reassessment; defects waived; credit for previous payment.
A. The fact that: (1) the contract has been let; (2) an improvement has been wholly or partially constructed; (3) an omission, failure or neglect of the board or county officer to comply with the requirements of Sections 1 through 20 [4-55A-1 to 4-55A-20 NMSA 1978] of the County Improvement District Act; or (4) any […]
Section 4-55A-31 – Improvement district; appeal to district court.
After an owner has filed a written objection with the county clerk to any reassessment as provided in Section 4-55A-18 NMSA 1978 and the board has determined the reassessment, any owner of a tract or parcel of land that is reassessed may file a notice of appeal pursuant to the provisions of Section 39-3-1.1 NMSA […]
Section 4-55A-32 – Improvement district; payment of reassessment; continuing proceedings to collect assessment.
A. The board shall enforce payment of the reassessment of the tract or parcel of land benefiting from an improvement in the manner provided in Chapter 4, Article 55A NMSA 1978 for the enforcement of the original assessment. B. If for any reason a reassessment is held to be invalid or uncollectible, the board shall […]