This act [3-58-1 and 3-58-2 NMSA 1978] may be cited as the “Economic Development Promotion Act.” History: 1953 Comp., § 14-59-1, enacted by Laws 1968, ch. 68, § 1. ANNOTATIONS Cross references. — For aid to private enterprise, see N.M. Const., art. IX, § 14.
The governing board of any municipality or county may budget and utilize revenues for economic development promotion only upon approval by a majority of all of the members of the governing board. History: 1953 Comp., § 14-59-2, enacted by Laws 1968, ch. 68, § 2; 1981, ch. 80, § 1. ANNOTATIONS Cross references. — For […]
