Metropolitan redevelopment fund; creation; disbursement.

  1. Law
  2. New Mexico Statutes
  3. Municipalities
  4. Metropolitan Redevelopment
  5. Metropolitan redevelopment fund; creation; disbursement.

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There is created a "metropolitan redevelopment fund" for purposes of the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978]. Money in the metropolitan redevelopment fund shall be disbursed to the local government to be used as other money is authorized to be used in the Metropolitan Redevelopment Code.

History: Laws 1979, ch. 391, § 22; 2018, ch. 60, § 21.

ANNOTATIONS

The 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; after "shall be disbursed to the", deleted "municipality" and added "local government".


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