Except as provided in Subsection F of Section 8 [ 5-8-8 NMSA 1978] of the Development Fees Act, after assessment of the impact fees attributable to the new development or execution of an agreement for payment of impact fees, additional impact fees or increases in fees may not be assessed for any reason unless the number of service units to be developed increases. In the event of an increase in the number of service units, the impact fees to be imposed are limited to the amount attributable to the additional service units.
§ 5-8-9 NMSA 1978
Additional fee prohibited; exception
Known as the Development Fees Act
The act spans §§ 5–5 (43 sections).
Laws 1993, ch. 122, § 9.
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.