Chapter 4, Article 61 NMSA 1978 may be cited as the “Small Counties Assistance Act”. History: Laws 1982, ch. 44, § 1; 2003, ch. 217, § 1. ANNOTATIONS The 2003 amendment, effective June 20, 2003, substituted “Chapter 4, Article 61 NMSA 1978” for “Sections 1 through 3 of this act” at the beginning of the […]
As used in the Small Counties Assistance Act: A. “adjustment factor” means a fraction, the numerator of which is the net taxable value of the state for the property tax year prior to the year in which the amount of small counties assistance is being determined and the denominator of which is the net taxable […]
A. The “small counties assistance fund” is created within the state treasury. B. On or before September 1, 2003 and on or before September 1 of each subsequent year, the demographer shall certify in writing to the department of finance and administration the population of the state and of each county as of June 30 […]
