Section 5-19-1 – Validity of current franchise and right-of-way agreements.
Municipal and county franchise and other agreements with public utilities, as “public utility” is defined by Subsection G of Section 62-3-3 NMSA 1978, providing access to public rights of way that are in effect as of January 1, 2010, are valid and enforceable agreements, including those that provide for a payment of fees by the […]
Section 5-20-1 – Short title.
Sections 1 through 10 [5-20-1 to 5-20-10 NMSA 1978] of this 2019 act may be cited as the “Regional Air Center Special Economic District Act”. History: Laws 2019, ch. 13, § 1. ANNOTATIONS Effective dates. — Laws 2019, ch. 13 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was […]
Section 5-20-2 – Definitions.
As used in the Regional Air Center Special Economic District Act: A. “authority” means the governing body of a district; and B. “district” means an industrial air center special economic district governed by an authority. History: Laws 2019, ch. 13, § 2. ANNOTATIONS Effective dates. — Laws 2019, ch. 13 contained no effective date provision, […]
Section 5-20-3 – Creation of a district.
A municipality and the county in which the municipality is located may agree to form a district: A. the initial boundaries of which lie within the jurisdiction of the municipality, the county or both; B. that includes an industrial air center composed of infrastructure associated with a former United States military base; and C. that […]
Section 5-18-2 – Legislative findings.
The legislature finds that: A. the development of renewable energy sources will advance the security, economic well-being and public and environmental health of the state, as well as contributing to the energy independence of the nation and addressing the issue of global climate change; B. it is in the best interests of the state, municipalities […]
Section 5-18-3 – Definitions.
As used in the Renewable Energy Financing District Act: A. “county” means any county, including an H class county; B. “debt service” means the principal of, interest on and premium, if any, on the bonds, when due, whether at maturity or prior redemption and fees and costs of agents necessary to handle the bonds and […]
Section 5-18-4 – Renewable energy financing districts authorized.
A. A governing body of a municipality or county may form a district for the purpose of encouraging, accommodating and financing renewable energy improvements on property within the municipality or county. A district shall include only property for which an owner executes an agreement consenting to the inclusion of the property within the district and […]
Section 5-18-5 – Resolution declaring intention to form district.
A. A governing body may adopt a resolution declaring its intention to form a district. The resolution shall state the following: (1) the purposes for which the district is to be formed; (2) that the district shall include only property for which the owner has agreed to the inclusion of the property within the district, […]
Section 5-18-6 – Hearing; formation of a district.
A. At the hearing on formation of a district, the governing body shall accept and pass on written and oral testimony and evidence presented in support of or in opposition to the formation of the district. After hearing the written and oral testimony, the governing body shall determine whether the district should be formed based […]
Section 5-18-7 – Special assessment; lien created.
A. The district board may impose a special assessment on property within the district to facilitate the financing of renewable energy improvements to the property. The special assessment shall be sufficient in the case of each property to pay the costs of the financing of the renewable energy improvements, including the costs of bond issuance, […]