A municipality or county is authorized to enter into an agreement with the owner of a tract of land for which a plat has been recorded providing for a method of payment of the impact fees over an extended period of time otherwise in compliance with the Development Fees Act.
§ 5-8-10 NMSA 1978
Agreement with owner regarding payment
Known as the Development Fees Act
The act spans §§ 5–5 (43 sections).
Laws 1993, ch. 122, § 10.
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.