reglab/housing_qa huggingface dataset:
NM Stat § 5-9-2 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-2 - Purpose.

It is the purpose of the Enterprise Zone Act to provide for the establishment of enterprise zones in a wide variety of geographic areas in order to stimulate the creation of new jobs, particularly for economically disadvantaged workers and long-term unemployed individuals, and to promote revitalization of economically distressed areas by providing or encouraging: A. tax relief at the state and local levels; B. zoning relief at the local level; and C. improvement of local services and betterment of the economic status of enterprise zone residents in their own community, particularly through the increased involvement of private, local and neighborhood organizations. History: Laws 1993, ch. 33, § 2.
NM Stat § 5-9-3 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-3 - Definitions.

As used in the Enterprise Zone Act: A. "business facility" means the place of business within an enterprise zone of a business that is established within or begins operations in an enterprise zone; B. "economically disadvantaged worker" means an employed person whose income as an unrelated individual or whose family income is less than the federally established poverty level and is below seventy percent of the lower living-standard-income level as determined and published by the United States department of labor; C. "enterprise zone" means any geographical area that is designated as an enterprise zone in accordance with the provisions of the Enterprise Zone Act; D. "local government" means: (1) the governing body of any county, incorporated municipality or Indian nation, tribe or pueblo; or (2) the entity designated as a governing body in a joint powers agreement entered into between or among the entities described in Paragraph (1) of this subsection for the purpose of creating and administering an enterprise zone; E. "long-term unemployed worker" means a person with limited opportunity for employment or reemployment in the same or similar occupation in the same area in which an individual resides, including any older individuals who may have substantial barriers to employment by reason of age; and F. "project" means an activity, undertaking or series of activities or undertakings designed to create new jobs, encourage business development and eliminate slums or blighted areas in enterprise zones that conform to an approved enterprise zone plan for job and business development, slum clearance and redevelopment, rehabilitation and preservation in the enterprise zone. History: Laws 1993, ch. 33, § 3.
NM Stat § 5-9-4 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-4 - Designation of enterprise zones; revocation of designation.

A. No area shall be designated an enterprise zone until the local government has promulgated an ordinance governing: (1) the parameters relating to the size and population characteristics of an enterprise zone; and (2) the contents of an enterprise zone plan. B. The local government may designate an enterprise zone by duly enacted resolution on or after January 1, 1994. C. The designation by the local government of an area as an enterprise zone shall remain in effect from the date of the designation until the earliest of: (1) December 31 of the fifteenth calendar year following the year in which the designation was made; (2) the termination date specified in the designating resolution; or (3) the date upon which the local government revokes the designation pursuant to Subsection D of this section. D. The local government may revoke the designation of an area as an enterprise zone if it determines after notice and a public hearing that the operation and administration of the enterprise zone is not in substantial compliance with the law, ordinance, resolution or the approved enterprise zone plan for that enterprise zone. E. The secretary of economic development shall have the authority to make performance audits at any time of any designated enterprise zone to determine whether the enterprise zone is in compliance with the Enterprise Zone Act, local zone ordinances, resolutions, joint powers agreements and the enterprise zone plan. If an enterprise zone is determined to be out of compliance, the secretary may immediately revoke the designation of the area as an enterprise zone. F. Automatic state revocation shall be made by the secretary of economic development if the annual reporting requirements required in Section 8 [5-9-8 NMSA 1978] of the Enterprise Zone Act are not made. G. If state revocation of an enterprise zone occurs, the local government responsible for the enterprise zone loses its right to designate successor enterprise zones for forty-eight months after the date of the secretary's revocation letter to the local government, and: (1) all tax increment financing agreements and tax credits then in force shall cease at the end of the calendar year in which revocation occurred; and (2) all accumulated money in the enterprise zone fund of the revoked enterprise shall revert back proportionately to the units of government originally impacted by the tax increment authorization agreement. History: Laws 1993, ch. 33, § 4.
NM Stat § 5-9-6 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-6 - Enterprise zone plan; incentives and initiatives.

A. The enterprise zone plan shall include: (1) a map of the enterprise zone; (2) a narrative describing how the enterprise zone will eliminate economic distress in the enterprise zone; (3) a description of local incentives and initiatives to be implemented in the enterprise zone; (4) the concurrences of any other local government or nongovernmental entity involved in providing local incentives and initiatives; (5) the termination date for the enterprise zone; (6) a listing of properties within the enterprise zone to which the tax increment procedures authorized by the Enterprise Zone Act are to be applied; (7) a boundary description of the enterprise zone; (8) a list of street addresses contained in the enterprise zone; and (9) any other information the local government requires by ordinance to be included in the plan. B. The local incentives and initiatives to be implemented may use local funds and, to the extent permitted by law, funds from federal or state programs and may include: (1) a reduction of taxes or fees applying within the enterprise zone when the reduction is permitted by law; (2) programs to increase the level of efficiency of local services provided within the enterprise zone; (3) preferences to be granted to businesses operating within the enterprise zone; (4) mechanisms to increase the equity ownership of residents and employees of businesses operating within the enterprise zone; and (5) methods to involve private entities, organizations, neighborhood associations and community groups in the enterprise zone. C. At any time after an enterprise zone is designated, the local government may change the enterprise zone plan after public hearing on the proposed changes. History: Laws 1993, ch. 33, § 6.
NM Stat § 5-9-7 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-7 - Administration.

The local government that created the enterprise zone shall organize, coordinate and direct the administration of the enterprise zone in accordance with law, applicable ordinances, resolutions, any joint powers agreements and the enterprise zone plan. It may enter into a contract with an appropriate organization to provide the management of the activities of the zone. The local government is solely responsible for meeting the reporting requirements listed in Section 8 [5-9-8 NMSA 1978] of the Enterprise Zone Act. History: Laws 1993, ch. 33, § 7.
NM Stat § 5-9-8 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-8 - Evaluation and reporting requirements.

The local government that designated an enterprise zone shall make an annual progress report to the secretary of economic development due on the second Friday of January in the next calendar year including the following: A. the number of new jobs created within the enterprise zone; B. the percentage of jobs filled by economically disadvantaged workers and the percentage of long-term unemployed workers within the enterprise zone; C. the local and private entity commitments and degree of compliance; D. compliance with the enterprise zone plan; E. the impact of the creation of the enterprise zone on the level of distress in the zone; and F. new dollar investments in the enterprise zone for new or expanded business opportunities. History: Laws 1993, ch. 33, § 8.
NM Stat § 5-9-9 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-9 - State agency cooperation; business incentives.

A. State agencies shall cooperate with, assist, and where possible, give preference in selection to a business located within an enterprise zone for any statutorily authorized state-administered grant and loan programs including, but not limited to, investments and loans through the severance tax permanent fund at market rates, in-plant training program instruction and job training through the federal Job Training Partnership Act, matching funds through community development block grants and such other incentives that are or become available through the economic development department or through any other sources at the state level. B. The economic development department shall conduct workshops throughout the state for the purpose of explaining the provisions of the Enterprise Zone Act to local governments. History: Laws 1993, ch. 33, § 9. ANNOTATIONSCross references. — For the federal Job Training Partnership Act, see 29 USCS § 1501.
NM Stat § 5-9-10 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-10 - Tax increment method of financing.

A. Effective for property tax years beginning on or after January 1, 1994, the local government administering an enterprise zone may elect by resolution to use the tax increment procedures set forth in Section 11 [5-9-11 NMSA 1978] of the Enterprise Zone Act for financing enterprise zone projects. Such procedures may be used in addition to or in conjunction with other methods provided by law for financing such projects. B. The tax increment method of financing enterprise zone projects is the dedication for further use in enterprise zone projects of that increase in property tax revenue directly resulting from the increased net taxable value of a parcel of project property attributable to its rehabilitation, redevelopment or other improvement because of its inclusion within an enterprise zone project. History: Laws 1993, ch. 33, § 10.
NM Stat § 5-9-12 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-12 - Enterprise zone fund; creation; use.

A. Every local government administering an enterprise zone shall create an "enterprise zone fund" for purposes of the Enterprise Zone Act. B. Enterprise zone fund proceeds shall be used by a local government administering an enterprise zone to acquire property within the enterprise zone, prepare property for redevelopment, provide necessary infrastructure improvements, pay all necessary related expenses to redevelop and finance enterprise zone projects and fund the administration of the enterprise zone in an amount not to exceed ten percent of the funds available annually. None of the proceeds shall be used for the construction of buildings or other improvements that are not owned by a local government participating in an enterprise zone. History: Laws 1993, ch. 33, § 12.
NM Stat § 5-9-13 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-13 - Tax increment method approval.

The tax increment method shall be used only upon prior approval by a majority of the units of government participating in property tax revenue derived from property within an enterprise zone project. The local government administering the enterprise zone shall request in writing such approval for a period of no more than five years for property included in the tax increment funding. The governing body of each other participating unit shall approve or disapprove by ordinance or resolution the use of the method for their respective units. All participating units shall notify the local government seeking approval within thirty days of receipt of the request. Upon approval by a majority of the participating units of the tax increment method of financing, it shall be deemed approved for the period requested. History: Laws 1993, ch. 33, § 13.
NM Stat § 5-9-14 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-14 - Tax increment method; base value for distribution.

If the tax increment method of financing enterprise zone projects is used, the base value shall be the value used in calculating the limit of general obligation indebtedness imposed by the constitution of New Mexico and the statutes of New Mexico. History: Laws 1993, ch. 33, § 14.
NM Stat § 5-9-15 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 9 - Enterprise Zones|Section 5-9-15 - Regulations.

The secretary of finance and administration and the secretary of taxation and revenue are authorized to promulgate such rules and regulations necessary for the proper administration of Sections 10 through 14 [5-9-10 to 5-9-14 NMSA 1978] of the Enterprise Zone Act. History: Laws 1993, ch. 33, § 15.
NM Stat § 5-10-1 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-1 - Short title.

Chapter 5, Article 10 NMSA 1978 may be cited as the "Local Economic Development Act". History: Laws 1993, ch. 297, § 1; 2016, ch. 14, § 1. ANNOTATIONSCompiler's notes. — Laws 1993, ch. 297, § 16 made the Local Economic Development Act effective upon the certification of a proposed amendment (Laws 1993, H.J.R. No. 12) to Article 9, Section 14 of the constitution of New Mexico. The amendment was adopted at a general election on November 8, 1994 and certified by the secretary of state on November 29, 1994. The 2016 amendment, effective May 18, 2016, changed "This act" to "Chapter 5, Article 10 NMSA 1978".
NM Stat § 5-10-2 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-2 - Findings and purpose of act.

A. The legislature finds that: (1) development of the New Mexico economy is vital to the well-being of the state and its residents; (2) it is difficult for municipalities and counties in New Mexico to attract and retain businesses capable of enhancing the local and state economy without the resources necessary to compete with other states and locales; (3) municipalities and counties may need to be able to provide land, buildings and infrastructure as a tool for basic business growth and the introduction of basic business ventures into the state; (4) it is in the best interest of the state, municipalities and counties to encourage local or regional solutions to economic development; and (5) the access to public resources needs to be carefully controlled and managed for the continued and future benefit of New Mexico citizens. B. The purpose of the Local Economic Development Act is to implement the provisions of the 1994 constitutional amendment to Article 9, Section 14 of the constitution of New Mexico to allow public support of economic development to foster, promote and enhance local economic development efforts while continuing to protect against the unauthorized use of public money and other public resources. Further, the purpose of that act is to allow municipalities and counties to enter into joint powers agreements to plan and support regional economic development projects, including investments in arts and cultural districts created pursuant to the Arts and Cultural District Act [15-5A-1 to 15-5A-7 NMSA 1978]. History: Laws 1993, ch. 297, § 2; 2007, ch. 160, § 8. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, provided that a purpose of the Local Economic Development Act was to permit municipalities and counties to support arts and cultural districts created pursuant to the Arts and Cultural District Act.
NM Stat § 5-10-5 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-5 - Economic development department; technical assistance.

At the request of a local or regional government, the department shall provide technical assistance in the development of an economic development plan or economic development project or technical assistance to cultural facilities with respect to economic development projects. History: Laws 1993, ch. 297, § 5; 2007, ch. 160, § 11. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, required the economic development department to provide technical assistance to cultural facilities with respect to economic development projects.
NM Stat § 5-10-7 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-7 - Regional plans; joint powers agreement; regional government.

A. Two or more municipalities, two or more counties or one or more municipalities and counties may enter into a joint powers agreement pursuant to the Joint Powers Agreements Act [11-1-1 to 11-1-7 NMSA 1978] to develop a regional economic development plan, which may consist of existing local plans. The parties to the agreement shall be deemed a regional government for the purposes of the Local Economic Development Act.B. The joint powers agreement shall require that the governing body of each local government approve public support for each economic development project. The agreement may also provide for appointment of a project manager who shall be responsible for the management of projects and project funds. The agreement may provide for a regional body consisting of representatives from the governing bodies of each local government that is a party to the agreement and may determine the powers and duties of that body in implementing the regional government's plan and providing public support for projects. History: Laws 1993, ch. 297, § 7; 2021, ch. 3, § 4. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, revised the criteria for joint powers agreements to develop regional economic development plans between local governments to include language related to public support for economic development projects; and in Subsection B, after "local government approve", added "public support for", and after "regional government's plan and", added "providing public support for".
NM Stat § 5-10-8 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-8 - Applications for public support.

A. After the adoption of an economic development plan by a local or regional government, a qualifying entity shall submit to the local or regional government an application for public support of a qualifying entity's economic development project.B. The application shall be on a form and require such information as the local or regional government deems necessary. History: Laws 1993, ch. 297, § 8; 2021, ch. 3, § 5. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, added language related to public support for qualifying entities' economic development projects; in the section heading, deleted "economic development project", and added "for public support"; and in Subsection A, after "local or regional government an", deleted "economic development project", and after "application", added "for public support of a qualifying entity's economic development project".
NM Stat § 5-10-9 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-9 - Project evaluation; department.

A. The local or regional government shall review each application for public support submitted pursuant to Section 5-10-8 NMSA 1978, and any public support shall be approved by ordinance.B. The local or regional government's evaluation of an application shall be based on the provisions of the economic development plan, the financial and management stability of the qualifying entity, the demonstrated commitment of the qualifying entity to the community, a cost-benefit analysis of the project and any other information the local or regional government believes is necessary for a full review of the economic development project application.C. The local or regional government may negotiate with a qualifying entity on the type or amount of public support to be provided or on the scope of the economic development project. History: Laws 1993, ch. 297, § 9; 2007, ch. 160, § 13; 2021, ch. 3, § 6. ANNOTATIONSCross references. — For the definition of a "qualifying entity", see 5-10-3 NMSA 1978. The 2021 amendment, effective July 1, 2021, added language related to public support for economic development projects; in Subsection A, after "shall review each", deleted "project", after "application", added "for public support submitted pursuant to Section 5-10-8 NMSA 1978", and after "and", deleted "projects" and added "any public support"; and in Subsection C, after "type or amount of", deleted "assistance" and added "public support". The 2007 amendment, effective July 1, 2007, amended Subsection C to permit a local or regional government to negotiate with a qualifying entity.
NM Stat § 5-10-11 (2021)
2021 New Mexico Statutes|Chapter 5 - Municipalities and Counties|Article 10 - Local Economic Development|Section 5-10-11 - Project revenues; special fund; annual audit.

A. Local or regional government revenues dedicated or pledged for public support for economic development projects shall be deposited in a separate account. Separate accounts shall be established for each separate project. Money in the special account shall be expended only for economic development project purposes, which may include the payment of necessary professional services contract costs.B. In the case of a regional government, revenues of each local government dedicated or pledged for economic development purposes shall be deposited in a special account of that local government and may be expended only by that local government as provided by the regional government's economic development plan and joint powers agreement.C. The local or regional government shall provide for an annual independent audit in accordance with the Audit Act [12-6-1 to 12-6-15 NMSA 1978] of each special fund and project account. The audit shall be submitted to the local or regional government. The audit is a public record. History: Laws 1993, ch. 297, § 11; 2021, ch. 3, § 7. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, added language related to public support for economic development projects; and in Subsection A, after "pledged for", deleted "funding or financing of" and added "public support for".