If the tax increment method of financing enterprise zone projects is used, the base value shall be the value used in calculating the limit of general obligation indebtedness imposed by the constitution of New Mexico and the statutes of New Mexico.
§ 5-9-14 NMSA 1978
Tax increment method; base value for distribution
Known as the Enterprise Zone Act
The act spans §§ 5–5 (15 sections).
Laws 1993, ch. 33, § 14.
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.