NM Stat § 5-11-10 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 11 - Public Improvement District|Section 5-11-10 - Powers of a public improvement district.

A. In addition to the powers otherwise granted to a district pursuant to the Public Improvement District Act, the district board, in implementing the general plan, may: (1) enter into contracts and expend money for any public infrastructure purpose with respect to the district; (2) enter into development agreements with municipalities, counties or other local government entities in connection with property located within the boundaries of the district; (3) enter into intergovernmental agreements as provided in the Joint Powers Agreements Act [11-1-1 to 11-1-7 NMSA 1978] for the planning, design, inspection, ownership, control, maintenance, operation or repair of public infrastructure or the provision of enhanced services by the municipality or the county in the district and any other purpose authorized by the Public Improvement District Act; (4) sell, lease or otherwise dispose of district property if the sale, lease or conveyance is not a violation of the terms of any contract or bond covenant of the district; (5) reimburse the municipality or county in which the district is located for providing enhanced services in the district; (6) operate, maintain and repair public infrastructure; (7) establish, impose and collect special levies for the purposes of funding public infrastructure improvements or enhanced services; (8) employ staff, counsel and consultants; (9) reimburse the municipality or county in which the district is located for staff and consultant services and support facilities supplied by the municipality or county; (10) accept gifts or grants and incur and repay loans for any public infrastructure purpose; (11) enter into agreements with owners concerning the advance of money by owners for public infrastructure purposes or the granting of real property by the owner for public infrastructure purposes; (12) levy property taxes, impose special levies or fees and charges for any public infrastructure purpose on any real property located in the district and, in conjunction with the levy of such taxes, fees and charges, set and collect administrative fees; (13) pay the financial, legal and administrative costs of the district; (14) enter into contracts, agreements and trust indentures to obtain credit enhancement or liquidity support for its bonds and process the issuance, registration, transfer and payment of its bonds and the disbursement and investment of proceeds of the bonds; (15) with the consent of the governing body of the municipality or county that formed the district, enter into agreements with persons outside of the district to provide enhanced services to persons and property outside of the district; and (16) use public easements and rights of way in or across public property, roadways, highways, streets or other thoroughfares and other public easements and rights of way, whether in or out of the geographical limits of the district, the municipality or the county. B. Public infrastructure improvements other than personalty may be located only in or on lands, easements or rights of way owned by the state, a county, a municipality or the district, whether in or out of the district, the municipality or the county. C. An agreement pursuant to Paragraph (11) of Subsection A of this section may include agreements to repay all or part of such advances, fees and charges from the proceeds of bonds if issued or from advances, fees and charges collected from other owners or users or those having a right to use any public infrastructure. A person does not have authority to compel the issuance or sale of the bonds of the district or the exercise of any taxing power of the district to make repayment under any agreement. D. Notwithstanding the provisions of the Procurement Code [13-1-28 to 13-1-199 NMSA 1978], or local procurement requirements that may otherwise be applicable to the municipality or county in which the district is located, the district board, whether appointed or composed of members of the governing body, ex officio, may enter into contracts to carry out any of the district's authorized powers, including the planning, design, engineering, financing, construction and acquisition of public improvements for the district, with a contractor, an owner or other person or entity, on such terms and with such persons as the district board determines to be appropriate. History: Laws 2001, ch. 305, § 10.