A. All vehicles, motorcycles or trucks with a declared gross weight of twenty-six thousand pounds or less may be registered for a period of two years; provided the two-year registration period shall begin on the first day of any month and expire on the last day of any month.
B. The fee for a two-year registration shall be twice the fee for a one-year registration.
C. If the owner of a vehicle that is registered for two years sells, transfers or assigns title to or interest in the vehicle within the first year of registration and applies to have the registration number assigned to another vehicle pursuant to Section 66-3-101 NMSA 1978, upon assignment, the person may apply for a refund of one-half of the two-year registration fee.
History: Laws 1988, ch. 94, § 1; 1995, ch. 44, § 3; 2001, ch. 141, § 1; 2004, ch. 59, § 7; 2007, ch. 319, § 21.
ANNOTATIONSThe 2007 amendment, effective June 15, 2007, provided for a two-year registration; eliminates extended registration; prescribed the fee for a two-year registration; provided for a refund of the fee if the vehicle is sold within the first year of registration.
The 2004 amendment, effective March 4, 2004, deleted the language in Subsection C providing for no refund of a registration fee and inserted in its place "A refund shall not be permitted for the first year of registration. A refund shall be permitted during the second year of registration for a quarter during which a person applying for the refund did not own the vehicle for which the refund is requested".
The 2001 amendment, effective June 15, 2001, inserted "credit for unexpired portion of fee" in the section heading; and added Subsection D.
The 1995 amendment, effective July 1, 1995, rewrote the section heading which read "Establishment and implementation of a system providing for registration of certain motor vehicles for a two-year period"; in Subsection A, deleted "On or after July 1, 1989, all" at the beginning, inserted "up to", preceding "two years" and added the proviso; deleted former Subsection B, relating to the method for implementing the biennial registration system; redesignated former Subsection C as Subsection B and rewrote the subsection which read "The fee for a biennial registration shall be twice the fee for a registration for one year"; and added Subsection C.