N.M. Stat. § 5-18-4

Renewable energy financing districts authorized.

Last amended: 2009Year: 2026Length: 158 wordsOfficial source
A. A governing body of a municipality or county may form a district for the purpose of encouraging, accommodating and financing renewable energy improvements on property within the municipality or county. A district shall include only property for which an owner executes an agreement consenting to the inclusion of the property within the district and to the imposition of a special assessment on the property for the purpose of financing renewable energy improvements. B. A district formed by a municipality shall be wholly within the boundaries of the municipality. A district formed by a county shall be wholly within the boundaries of the county and shall be in the unincorporated area of the county, or may include an incorporated area with the municipality's consent. A district may include contiguous and noncontiguous property. C. Except as otherwise provided in this section, a district shall be a political subdivision of the state, separate and apart from the municipality or county.
N.M. Stat. § 5-18-4: Renewable energy financing districts authorized. | Justis AI