A local government may elect by resolution to use the procedures set forth in the Tax Increment Law [ 3-60A-19 through 3-60A-24 NMSA 1978] for funding metropolitan redevelopment projects. Such procedures may be used in addition to or in conjunction with other methods provided by law for funding such projects.
§ 3-60A-20 NMSA 1978
Alternative funding method
Laws 1979, ch. 391, § 20; 2018, ch. 60, § 19; 2023, ch. 112, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.