reglab/housing_qa huggingface dataset:
NM Stat § 3-64-3 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 64 - Development Incentives|Section 3-64-3 - Exemption of certain commercial personal property from property tax by local bodies.

A. The governing body of a county or a municipality may by a majority vote of the members elected to the governing body adopt a resolution exempting commercial personal property of a new business facility located in the county or municipality from the imposition of any property tax on commercial personal property authorized to be imposed by the respective governing body, subject to the limitations of Subsection B of this section. B. The exemption authorized by Subsection A of this section may be for up to one hundred percent of the value for property taxation purposes of the property exempted. C. The exemption authorized by Subsection A of this section may be for any period of time not to exceed twenty years. The effective date of any exemption shall be January 1 of the property tax year in which the new business facility commences commercial operations. History: Laws 1991, ch. 163, § 3; 2003, ch. 293, § 3; 2003, ch. 405, § 3. ANNOTATIONSCross references. — For constitutionally tax exempt property, see N.M. Const., art. VIII, § 3. For the Property Tax Code, see Chapter 7, Articles 35 to 38 NMSA 1978. The 2003 amendment, effective June 20, 2003, deleted "other than a class A county or a municipality in such county," following "county or a municipality" near the beginning of Subsection A; substituted "up to one hundred" for "fifty" preceding "percent of the value" near the middle of Subsection B; and substituted "twenty" for "five" following "time not to exceed" near the middle of Subsection C. Laws 2003, ch. 293, § 3 enacted identical amendments to this section. The section was set out as amended by Laws 2003, ch. 405, § 3. See 12-1-8 NMSA 1978.
NM Stat § 3-64-4 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 64 - Development Incentives|Section 3-64-4 - Transmittal of exemption resolution; action of assessor.

A. After a resolution of exemption of personal property is adopted by a governing body, copies of it shall be certified by the clerk of the entity; one copy shall be delivered immediately to the county assessors; and one copy shall be sent to the taxation and revenue department. B. Upon receipt of a certified copy of an exemption resolution, the county assessor of the county in which the exempted property is located shall take appropriate action to enter the exemption in the property tax schedule for the property tax year in which the exemption becomes effective and shall also enter the exemption as appropriate for subsequent years during which the exemption remains in effect. History: Laws 1991, ch. 163, § 4.
NM Stat § 3-64-5 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 64 - Development Incentives|Section 3-64-5 - Expiration of exemption; action of assessor.

An exemption granted under Section 3-64-3 NMSA 1978 shall automatically terminate on the last day of the property tax year in which it expires pursuant to the exemption resolution or on the last day of the property tax year in which a new business facility ceases commercial operations, whichever occurs first. History: Laws 1991, ch. 163, § 5; 2003, ch. 293, § 4; 2003, ch. 405, § 4. ANNOTATIONSThe 2003 amendment, effective June 20, 2003, substituted "3-64-3 NMSA 1978" for "3 of the Development Incentive Act" following "granted under Section" near the beginning of the section. Laws 2003, ch. 293, § 4 enacted identical amendments to this section. The section was set out as amended by Laws 2003, ch. 405, § 4. See 12-1-8 NMSA 1978.
NM Stat § 3-65-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-1 - Short title.

Sections 1 through 11 [3-65-1 to 3-65-10 NMSA 1978] of this act may be cited as the "Minor League Baseball Stadium Funding Act". History: Laws 2001, ch. 231, § 1. ANNOTATIONSCross references. — For exemption to gross receipts tax, see 7-9-13.3 NMSA 1978. Emergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001. Compiler's notes. — Laws 2001, Chapter 231 enacted the Minor League Baseball Stadium Funding Act. Section 1 of that act defined the Minor League Baseball Stadium Funding Act as Sections 1 to 11 of Chapter 231, however, Section 11 of Chapter 231 was not codified and appears as a note following 3-65-10 NMSA 1978.
NM Stat § 3-65-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-2 - Findings and purpose.

A. The legislature finds that: (1) the costs of land for and of designing, purchasing, constructing, remodeling, rehabilitating, renovating, improving, equipping, furnishing, operating and maintaining minor league baseball stadiums have increased to a level that local financial resources are inadequate to meet all of the costs; (2) functional and modern minor league baseball stadiums are essential in retaining and attracting minor league baseball teams to the state; and (3) even after utilizing local financial resources, municipalities need additional means to provide complete funding for functional and modern minor league baseball stadiums. B. The purpose of the Minor League Baseball Stadium Funding Act is to provide an additional method of accessing the capital markets with the assistance of the New Mexico finance authority to meet the need for a complete funding package for functional and modern minor league baseball stadiums. History: Laws 2001, ch. 231, § 2. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-3 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-3 - Definitions.

As used in the Minor League Baseball Stadium Funding Act: A. "authority" means the New Mexico finance authority; B. "chief executive officer" means the mayor or chief administrative officer of a municipality when designated in writing by the mayor to perform duties required by the Minor League Baseball Stadium Funding Act; C. "governing body" means the council, commission or other group of elected officials of a municipality in which is vested the legislative authority of a municipality; D. "loan" means a loan or other financial arrangement pursuant to which money is lent or otherwise made available by the authority to a municipality to pay for some or all of the costs of land for and designing, purchasing, constructing, remodeling, rehabilitating, renovating, improving, equipping and furnishing a minor league baseball stadium; E. "loan payments" means all payments of principal, interest, premiums, charges, expenses or other obligations required to be paid by a municipality to the authority to repay the loan; F. "minor league baseball stadium" means a stadium, including land, buildings and related improvements, primarily designed and intended for use by minor league baseball teams as a venue for playing baseball games; G. "municipality" means a municipality located in a class A county with a population of more than two hundred thousand according to the 1990 federal decennial census; H. "stadium surcharge" means a surcharge on tickets, parking, souvenirs, concessions, programs, advertising, merchandise, corporate suites or boxes, broadcast revenues and all other products or services sold at or related to the minor league baseball stadium or related to activities occurring at the stadium; I. "vendor" means every person, corporation, partnership or other entity, including a division or department of a municipality, providing products or services sold at or related to the minor league baseball stadium; and J. "vendor contract" means a contract, agreement or other written arrangement between a municipality and a vendor pursuant to which the vendor provides products or services sold at or related to the minor league baseball stadium. History: Laws 2001, ch. 231, § 3. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-4 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-4 - Authorization of surcharge; use of proceeds.

A. A municipality may impose a stadium surcharge by majority vote of the governing body. If a stadium surcharge has been imposed, the municipality shall include a stadium surcharge in each vendor contract, and each vendor contract shall be signed by the chief executive officer. B. Before establishing the amount of the stadium surcharge to be included in each vendor contract, the municipality shall notify the authority in writing of the proposed amount of the loan requested for the minor league baseball stadium and of the proposed amount of the surcharge to be included in each vendor contract. The authority shall review the proposed amount of the stadium surcharge and shall make a written recommendation to a municipality setting forth the minimum amount of the surcharge to be set forth in the loan and related documents. The minimum amount of the stadium surcharge shall never be less than five percent and may be any higher percentage recommended by the authority or otherwise established by the municipality. C. After receipt of the written recommendation from the authority, a municipality shall establish the amount of the stadium surcharge to be included in each vendor contract, provided that the amount of the surcharge to be set forth in the loan and related documents shall be at least the minimum amount recommended by the authority. D. The receipts from the stadium surcharge may be used by the municipality for all or any portion of: (1) loan payments; (2) costs of constructing, renovating, operating, maintaining or improving the minor league baseball stadium; or (3) costs of collecting and otherwise administering the surcharge. E. A municipality shall establish a fund for construction, renovation, operation, maintenance and improvement of a minor league baseball stadium for deposit of all receipts from the stadium surcharge that exceed the required loan payments, and all receipts deposited in that fund shall be used for such purposes and may also be used for the costs of collection and otherwise administering the surcharge. History: Laws 2001, ch. 231, § 4. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-5 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-5 - Collection of surcharge; remittance to the municipality.

A. Every vendor shall collect the stadium surcharge on behalf of the municipality and shall act as a trustee therefor. B. The stadium surcharge shall be collected by vendors from the users of products or services subject to the surcharge. Users shall be charged separately for the stadium surcharge from the cost of the product or service subject to the surcharge or the vendor shall institute accounting controls or procedures sufficient to identify the amount of the surcharge owed to a municipality for each sale, transaction or exchange subject to the surcharge. C. All receipts from the stadium surcharge shall be remitted by vendors to the treasurer of the municipality no later than the tenth day of the month following collection of the receipts. The treasurer of the municipality shall deposit the receipts in a separate account and shall act as trustee of the receipts on behalf of the authority so long as any loan is unpaid. History: Laws 2001, ch. 231, § 5. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-6 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-6 - Audits.

A municipality shall provide by ordinance a method to either audit or otherwise ensure that vendors subject to the stadium surcharge collect and remit to the treasurer of the municipality the full amount of the surcharge receipts due to the municipality. History: Laws 2001, ch. 231, § 6. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-7 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-7 - Enforcement; penalties.

A. An action to enforce the imposition and collection of a stadium surcharge by a vendor may be brought by a municipality. B. A district court may issue an appropriate judgment, order or remedy to enforce the provisions of a vendor contract. C. Any judgment issued by a district court requiring stadium surcharge receipts to be paid to a municipal treasurer by a vendor shall also award interest at twelve percent on past-due amounts, attorney fees and costs to a municipality. History: Laws 2001, ch. 231, § 7. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-8 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-8 - Authorization of project.

A. Pursuant to the provisions of Section 6-21-6 NMSA 1978, the legislature authorizes the authority to make a loan from the public project revolving fund to a municipality to acquire land for and to design, purchase, construct, remodel, renovate, rehabilitate, improve, equip or furnish a minor league baseball stadium on terms and conditions established by the authority. B. Prior to receiving the loan, the governing body shall approve the loan and related documents by an ordinance to be adopted by a majority of the members of the governing body. The ordinance shall pledge the stadium surcharge receipts to make the loan payments. In addition to pledging stadium surcharge receipts for making loan payments, the ordinance shall pledge legally available gross receipts tax revenues distributed to a municipality pursuant to Section 7-1-6.4 or 7-1-6.12 NMSA 1978 in an amount satisfactory to the authority and in an amount at least sufficient to make the loan payments. No action shall be brought questioning the legality of the pledge of receipts and revenues, the ordinance, the loan, the proceedings, the stadium surcharge or any other matter concerning the loan after thirty days from the date of publication of the ordinance approving the loan and related documents and pledging stadium surcharge receipts and gross receipts tax revenues of the municipality to make the loan payments. C. The legislature or a municipality shall not repeal, amend or otherwise modify any law or ordinance that adversely affects or impairs the stadium surcharge or any loan from the authority secured by a pledge of the stadium surcharge and gross receipts tax revenues, unless the loan has been paid in full or provisions have been made for full payment. History: Laws 2001, ch. 231, § 8. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-9 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-9 - Cumulative and complete authority.

The Minor League Baseball Stadium Funding Act shall be deemed to provide an additional and alternative method for obtaining funding for a minor league baseball stadium, establishing the stadium surcharge and completing the acts authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws of the state, without reference to such other laws of the state, and shall constitute full authority for the exercise of powers granted herein, including but not limited to the pledging of stadium surcharge receipts and gross receipts tax revenues by the governing body to make loan payments to the authority. History: Laws 2001, ch. 231, § 9. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001.
NM Stat § 3-65-10 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 65 - Minor League Baseball Stadium Funding|Section 3-65-10 - Liberal interpretation.

The Minor League Baseball Stadium Funding Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes of the act. History: Laws 2001, ch. 231, § 10. ANNOTATIONSEmergency clause. — Laws 2001, ch. 231, § 13 contained an emergency clause and was approved April 3, 2001. Severability. — Laws 2001, ch. 231, § 11 provided for the severability of the act if any part or application of the Minor League Baseball Stadium Funding Act is held invalid.
NM Stat § 3-66-1 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 66 - Municipal Event Center Funding|Section 3-66-1 - Short title.

Sections 3 through 11 [3-66-1 to 3-66-11 NMSA 1978] of this act may be cited as the "Municipal Event Center Funding Act". History: Laws 2005, ch. 351, § 3. ANNOTATIONSCompiler's notes. — Laws 2005, ch. 351 was not enacted as part of the Municipal Code but was included in that code as a convenience to the user. Emergency clause. — Laws 2005, ch. 351, § 14 contained an emergency clause and was approved April 8, 2005.
NM Stat § 3-66-2 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 66 - Municipal Event Center Funding|Section 3-66-2 - Findings and purpose.

A. The legislature finds that: (1) the costs of acquiring land for and of designing, purchasing, constructing, remodeling, rehabilitating, renovating, improving, equipping, furnishing, operating and maintaining municipal event centers have increased to a level that local financial resources are inadequate to meet all of the costs; (2) functional and modern municipal event centers are essential in retaining and attracting cultural, educational, entertainment and sporting events to municipalities and the state and are essential for the economic development and prosperity of municipalities and the state; and (3) even after using local financial resources, municipalities need additional means to provide complete funding for functional and modern municipal event centers. B. The purpose of the Municipal Event Center Funding Act is to provide an additional method of accessing the capital markets to meet the need for a complete funding package for functional and modern municipal event centers. History: Laws 2005, ch. 351, § 4. ANNOTATIONSEmergency clause. — Laws 2005, ch. 351, § 14 contained an emergency clause and was approved April 8, 2005.
NM Stat § 3-66-3 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 66 - Municipal Event Center Funding|Section 3-66-3 - Definitions.

As used in the Municipal Event Center Funding Act: A. "bonds" means revenue bonds issued by a municipality to pay for some or all of the costs of acquiring land for and designing, purchasing, constructing, remodeling, rehabilitating, renovating, improving, equipping and furnishing a municipal event center; B. "chief executive officer" means the mayor or chief administrative officer of a municipality when designated in writing by the mayor to perform duties required by the Municipal Event Center Funding Act; C. "debt service payments" means rentals, receipts, fees or other charges paid to a municipality for the rights to use, operate or manage a municipal event center by any person, corporation or other entity; D. "event center revenues" means rentals, receipts, fees or other charges imposed by and paid to a municipality pursuant to the Municipal Event Center Funding Act for the rights to use, operate or manage a municipal event center by any person, corporation or other entity; E. "event center surcharge" means a surcharge to be included in each vendor contract on tickets, parking, souvenirs, concessions, programs, advertising, merchandise, corporate suites or boxes, broadcast revenues and all other products or services sold at or related to the municipal event center or related to activities occurring at the event center; F. "governing body" means the council, commission or other group of elected officials of a municipality in which is vested the legislative authority of a municipality; G. "municipal event center" means an event center providing seating for a minimum of four thousand people, including land, buildings and related improvements, primarily designed and intended for cultural, educational, entertainment and sporting events, but does not include a civic or convention center; H. "municipality" means a political subdivision of the state, organized and operating under a home-rule charter or the Municipal Code; I. "vendor" means every person, corporation, partnership or other entity, including a division or department of a municipality, providing products or services sold at or related to the municipal event center; and J. "vendor contract" means a contract, agreement or other written arrangement between a municipality and a vendor pursuant to which the vendor provides products or services sold at or related to the municipal event center. History: Laws 2005, ch. 351, § 5. ANNOTATIONSEmergency clause. — Laws 2005, ch. 351, § 14 contained an emergency clause and was approved April 8, 2005.
NM Stat § 3-66-4 (2021)
2021 New Mexico Statutes|Chapter 3 - Municipalities|Article 66 - Municipal Event Center Funding|Section 3-66-4 - Authorization of surcharge and other fees; use of proceeds; transfer.

A. A municipality in which a municipal event center is located may establish by ordinance an event center surcharge of not less than five percent of each vendor contract entered into by that municipality. As otherwise established by that municipality, the event center surcharge may be any percentage greater than five percent of each vendor contract entered into by the municipality. B. A municipality shall include an event center surcharge in the terms of each vendor contract into which it enters. A chief executive officer of a municipality shall sign each vendor contract into which that municipality enters. C. A municipality may establish charges and fees deemed necessary by the governing body or the chief executive officer for the use, operation or management of a municipal event center by a person, corporation or other entity. D. From the proceeds of the event center surcharge, an amount equal to two percent of each vendor contract entered into by the municipality shall be transferred monthly by the municipality that established the event center surcharge to the tax administration suspense fund. E. A municipality shall establish a fund for construction, renovation, operation, equipment, maintenance and improvement of a municipal event center for deposit of all event center revenues and event center surcharge proceeds that exceed the required debt service payments, except for event center surcharge proceeds transferred to the tax administration suspense fund pursuant to this section. Money in the fund may be used to pay: (1) debt service payments; (2) costs of operating a municipal event center during the life of the bonds issued by the municipality pursuant to the Municipal Event Center Funding Act; (3) costs of constructing, renovating, equipping, maintaining or improving that municipal event center; or (4) costs of collecting or administering the event center surcharge. History: Laws 2005, ch. 351, § 6. ANNOTATIONSEmergency clause. — Laws 2005, ch. 351, § 14 contained an emergency clause and was approved April 8, 2005.