Any owner whose application for registration under the international registration plan has been accepted shall preserve the records on which the application is based either for a period of four years following the year or period upon which the application is based or for any other period required by the state that is considered to be the base state of the vehicle under the terms of a multistate agreement on registration of vehicles to which this state is a party. Upon request of the division, the owner shall make the records available to the division at the owner's office for audit as to accuracy of computation and payments. If the owner maintains and keeps the owner's records, books or papers at any place outside of the state, the director or the director's authorized agent may examine them at the place where they are kept. The division may make arrangements with agencies of other jurisdictions administering motor vehicle laws for joint audits of any such owners.
History: 1953 Comp., § 64-34-14.6, enacted by Laws 1972, ch. 7, § 38; 1977, ch. 250, § 114; 1988, ch. 24, § 5; 1989, ch. 148, § 2; 1978 Comp., § 65-1-18, recompiled as 1978 Comp., § 66-3-2.6 by Laws 1998 (1st S.S.), ch. 10, § 10; 2015, ch. 9, § 9.
ANNOTATIONSRecompilations. — Laws 1998 (1st S.S.), ch. 10, § 10, recompiled former 65-1-18 NMSA 1978, relating to preservation of proportional registration records and audit, as 66-3-2.6 NMSA 1978, effective July 1, 1998.
The 2015 amendment, effective July 1, 2015, provided for the preservation of records related to the international registration plan and removed the reference to proportional registration records; in the catchline, after "Preservation of", deleted "proportional registration" and added "international registration plan"; in the first sentence of the section, after "application for", deleted "proportional", after "registration", added "under the international registration plan"; and in the third sentence, after "the owner maintains and keeps", deleted "his" and added "the owner's", and after "the director or", deleted "his" and added "the director's".
The 1989 amendment, effective July 1, 1990, deleted "and the owner shall pay all necessary traveling expenses and subsistence incurred" at the end of the next-to-last sentence.