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§ 4-55D-7 NMSA 1978

Special assessment financing

Known as the Improvement Special Assessment Act

The act spans §§ 4–4 (10 sections).

Laws 2023, ch. 150, § 7; 2026, ch. 18, § 3.

A. Special assessment financing shall be provided by capital providers and disbursed directly by capital providers to fund eligible improvements subject to a special assessment financing agreement.

B. A county or municipality shall not be liable in any way for the debt of the property owner or the debt of the special assessment financing, shall not be a third-party obligor and shall not pledge or lend its credit to the property owner, the capital provider or the special assessment financing.

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.