reglab/statecodes huggingface dataset:
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-7 - Repealed.

History:
1953 Comp., § 14-62-7, enacted by Laws 1975, ch. 341, § 7; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-7 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 7, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-8 - Repealed.

History:
1953 Comp., § 14-62-8, enacted by Laws 1975, ch. 341, § 8; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-8 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 8, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-9 - Repealed.

History:
1953 Comp., § 14-62-8, enacted by Laws 1975, ch. 341, § 9; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-9 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 9, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-10 - Repealed.

History:
1953 Comp., § 14-62-10, enacted by Laws 1975, ch. 341, § 10; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-10 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 10, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-11 - Repealed.

History:
1953 Comp., § 14-62-11, enacted by Laws 1975, ch. 341, § 11; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-11 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 11, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-12 - Repealed.

History:
1953 Comp., § 14-62-12, enacted by Laws 1975, ch. 341, § 12; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-12 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 12, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-13 - Repealed.

History:
1953 Comp., § 14-62-13, enacted by Laws 1975, ch. 341, § 13; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-13 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 13, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-14 - Repealed.

History:
1953 Comp., § 14-62-14, enacted by Laws 1975, ch. 341, § 14; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-14 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 14, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-15 - Repealed.

History:
1953 Comp., § 14-62-15, enacted by Laws 1975, ch. 341, § 15; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-15 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 15, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-16 - Repealed.

History:
1953 Comp., § 14-62-16, enacted by Laws 1975, ch. 341, § 16; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-16 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 16, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-17 - Repealed.

History:
1953 Comp., § 14-62-17, enacted by Laws 1975, ch. 341, § 17; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-17 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 17, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-18 - Repealed.

History:
1953 Comp., § 14-62-18, enacted by Laws 1975, ch. 341, § 18; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-18 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 18, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-19 - Repealed.

History:
1953 Comp., § 14-62-19, enacted by Laws 1975, ch. 341, § 19; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-19 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 19, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-20 - Repealed.

History:
1953 Comp., § 14-62-20, enacted by Laws 1975, ch. 341, § 20; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-20 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 20, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-21 - Repealed.

History:
1953 Comp., § 14-62-21, enacted by Laws 1975, ch. 341, § 21; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-21 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 21, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-22 - Repealed.

History:
1953 Comp., § 14-62-22, enacted by Laws 1975, ch. 341, § 22; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-22 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 22, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-23 - Repealed.

History:
1953 Comp., § 14-62-23, enacted by Laws 1975, ch. 341, § 23; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-23 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 23, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-24 - Repealed.

History:
1953 Comp., § 14-62-24, enacted by Laws 1975, ch. 341, § 24; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-24 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 24, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-25 - Repealed.

History:
1953 Comp., § 14-62-25, enacted by Laws 1975, ch. 341, § 25; 1979, ch. 319, § 2; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-25 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 25, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-26 - Repealed.

History:
1953 Comp., § 14-62-26, enacted by Laws 1975, ch. 341, § 26; 2007, ch. 46, § 5; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-26 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 26, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
Compiler's notes.
— This section was also amended by Laws 2007, ch. 46, § 5, effective June 15, 2007, which made nonsubstantive language changes. The section was set out as repealed by Laws 2007, ch. 330.
See
12-1-8 NMSA 1978.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-27 - Repealed.

History:
1953 Comp., § 14-62-27, enacted by Laws 1975, ch. 341, § 27; 1981, ch. 125, § 41; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-27 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 27, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-28 - Repealed.

History:
1953 Comp., § 14-62-28, enacted by Laws 1975, ch. 341, § 28; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-28 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 28, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-29 - Repealed.

History:
1953 Comp., § 14-62-29, enacted by Laws 1975, ch. 341, § 29; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-29 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 29, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-30 - Repealed.

History:
1953 Comp., § 14-62-30, enacted by Laws 1975, ch. 341, § 30; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-30 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 30; effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-31 - Repealed.

History:
1953 Comp., § 14-62-31, enacted by Laws 1975, ch. 341, § 31; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-31 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 31, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-32 - Repealed.

History:
1953 Comp., § 14-62-32, enacted by Laws 1975, ch. 341, § 32; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-32 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 32, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-33 - Repealed.

History:
1953 Comp., § 14-62-33, enacted by Laws 1975, ch. 341, § 33; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-33 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 33, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-34 - Repealed.

History:
1953 Comp., § 14-62-34, enacted by Laws 1975, ch. 341, § 34; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-34 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 34, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-35 - Repealed.

History:
1953 Comp., § 14-62-35, enacted by Laws 1975, ch. 341, § 35; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-35 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 35, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-36 - Repealed.

History:
1953 Comp., § 14-62-36, enacted by Laws 1975, ch. 341, § 36; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-36 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 36, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60 - Community Development (Repealed.) › Section 3-60-37 - Repealed.

History:
1953 Comp., § 14-62-37, enacted by Laws 1975, ch. 341, § 37; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60-37 NMSA 1978, the Community Development Law, as enacted by Laws 1975, ch. 341, § 37, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-1 - Short title.

Chapter 3, Article 60A NMSA 1978 may be cited as the "Metropolitan Redevelopment Code".
History:
Laws 1979, ch. 391, § 1; 2018, ch. 60, § 1.
ANNOTATIONS
Cross references.
— For the Community Development Law,
see
3-60-1 NMSA 1978 et seq.
The 2018 amendment,
effective May 16, 2018, deleted "This act" and added "Chapter 3, Article 60A NMSA 1978".
Am. Jur. 2d, A.L.R. and C.J.S. references.
— 40 Am. Jur. 2d Housing Laws and Urban Redevelopment § 1 et seq.
Constitutionality, construction, and application of statutes or governmental projects for improvement of housing conditions (slum clearance), 130 A.L.R. 1069, 172 A.L.R. 966.
Substantive issues relative to rent levels and termination of benefits under United States Housing Act of 1937 (42 USCS § 1437 et seq.), 77 A.L.R. Fed. 884.
39A C.J.S. Health and Environment §§ 34 to 36.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-5 - Redevelopment Law; short title.

Sections 5 through 18 [3-60A-5 to 3-60A-13, 3-60A-14 to 3-60A-18 NMSA 1978] of the Metropolitan Redevelopment Code may be cited as the "Redevelopment Law."
History:
Laws 1979, ch. 391, § 5.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-6 - Use of private enterprise and public powers.

A local government, to the greatest feasible extent, shall afford maximum opportunity for the rehabilitation or redevelopment of the metropolitan redevelopment areas by private enterprise. A local government shall give consideration to this objective in exercising its powers provided by the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978], including the approval of metropolitan redevelopment plans consistent with the general plan for the local government; the exercise of its zoning powers; the enforcement of other laws, codes and regulations relating to the use of land and the use and occupancy of buildings and improvements; the disposition of any property acquired; and the provision of necessary public improvements.
History:
Laws 1979, ch. 391, § 6; 2018, ch. 60, § 5.
ANNOTATIONS
Cross references.
— For encouragement of private enterprise in community development,
see
3-60-23 NMSA 1978.
For prohibition against aid to private enterprise,
see
N.M. Const., art. IX, § 14.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and replaced "municipality" with "local government" throughout the section.
Am. Jur. 2d, A.L.R. and C.J.S. references.
— 40 Am. Jur. 2d Housing Laws and Urban Redevelopment §§ 9 to 12.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-7 - Finding of necessity by local government.

No local government shall exercise any of the powers conferred upon local governments by the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978] until the local government has adopted a resolution finding that:
A. one or more slum areas or blighted areas exist in the local government's jurisdiction; and
B. the rehabilitation, conservation, slum clearance, redevelopment or development, or a combination thereof, of and in such area is necessary in the interest of the public health, safety, morals or welfare of the residents of the local government's jurisdiction.
History:
Laws 1979, ch. 391, § 7; 2018, ch. 60, § 6.
ANNOTATIONS
Cross references.
— For definitions of "slum area" and "blighted area",
see
3-60A-4 NMSA 1978.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and replaced "municipality" with "local government" throughout the section.
Am. Jur. 2d, A.L.R. and C.J.S. references.
— 40 Am. Jur. 2d Housing Laws and Urban Redevelopment §§ 18, 19.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-8 - Designation of a metropolitan redevelopment area.

A. A local government shall not prepare a metropolitan redevelopment plan for an area unless the local government has, by resolution, determined the area to be a slum area or a blighted area or a combination thereof and designated the area as appropriate for a metropolitan redevelopment project, which resolution may be adopted only after the local government has caused to be published in a newspaper of general circulation within the area of operation of the local government a notice that contains a general description of the area and the date, time and place where the local government shall hold a public hearing to consider the resolution and a notice that any interested party may appear and speak to the issue of the adoption of the resolution.
B. Notice shall be published at least twice, and the last publication shall be not less than twenty days before the hearing. The owner of any real property affected by the resolution has the right to file in the district court of the county within which the local government is located, within twenty days after the adoption of the resolution, an action to set aside the determination made by the local government.
C. A local government shall not acquire real property for a metropolitan redevelopment project unless the local government has approved a metropolitan redevelopment plan relating to the metropolitan redevelopment area in which the real property is located.
History:
Laws 1979, ch. 391, § 8; 2018, ch. 60, § 7.
ANNOTATIONS
Cross references.
— For definitions of "slum area" and "blighted area",
see
3-60A-4 NMSA 1978.
For adoption of resolution,
see
3-60A-7 NMSA 1978.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and replaced "municipality" and "governing body" with "local government" throughout the section.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-11 - Repealed.

History:
Laws 1979, ch. 391, § 11; 1981, ch. 125, § 42; repealed by Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7.
ANNOTATIONS
Repeals.
— Laws 2007, ch. 329, § 7 and Laws 2007, ch. 330, § 7 repealed 3-60A-11 NMSA 1978, as enacted by Laws 1979, ch. 391, § 11, relating to eminent domain, effective June 15, 2007. For provisions of former section,
see
the 2006 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-13 - Property exempt from taxes and from levy and sale by virtue of an execution.

A. All property of a local government, including funds, owned or held in fee simple by it for the purposes of the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the property nor shall judgment against a local government be a charge or lien upon the property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to pursue any remedies for the enforcement of any pledge or lien given pursuant to the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978] by a local government on its rents, fees, grants, land or revenues from projects.
B. The property of a local government acquired or held for the purposes of the Metropolitan Redevelopment Code is declared to be public property used for essential public and governmental purposes, and the property shall be exempt from property taxes or assessments of the local government, the county, the state or any political subdivision thereof; provided that the exemption shall terminate when the local government transfers its fee simple interest in the property to a purchaser that is not entitled to the exemption with respect to the property. Nothing in this subsection authorizes an exemption or deduction from the imposition of the gross receipts and compensating taxes under the Gross Receipts and Compensating Tax Act [Chapter 7, Article 9 NMSA 1978] on the gross receipts from the sale of property to or the use of property by a local government or any other person in connection with a metropolitan redevelopment project created under the Metropolitan Redevelopment Code.
History:
Laws 1979, ch. 391, § 13; 1985, ch. 225, § 1; 2018, ch. 60, § 11.
ANNOTATIONS
Cross references.
— For the Community Development Incentive Act,
see
Chapter 3, Article 64 NMSA 1978.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and replaced "municipality" with "local government" throughout the section.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-13.1 - Payments in lieu of property taxes and assessments.

A. If interests in project property are exempt from property taxation and assessments under Subsection B of Section 3-60A-13 NMSA 1978 or Section 7-36-3.1 NMSA 1978, then during the period extending from the date of acquisition of the property by the local government through December 31 of the year in which the seventh anniversary of that acquisition date occurs, any lessee of the project property or owner of a substantial beneficial interest in the project property, in whose ownership the property would not be exempt from property taxation except for the exemption granted under Section 7-36-3.1 NMSA 1978, shall pay to the county treasurer annually, at the same time property tax payments are due under the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978], an amount equal to the sum of:
(1) general property taxes that would have been imposed under Subsection B of Section 7-37-7 NMSA 1978 had it not been exempt and had it been valued at the valuation for property taxation purposes that existed in the year immediately preceding the year of acquisition by the local government;
(2) amounts that would have been imposed under Subsection C of Section 7-37-7 NMSA 1978 on the project property had it not been exempt and had it been valued at the valuation for property taxation purposes that existed in the year immediately preceding the year of acquisition by the local government; and
(3) amounts that would have been imposed as benefit assessments on the project property had it not been exempt and had it been valued at the valuation for property taxation purposes that existed in the year immediately preceding the year of acquisition by the local government if those benefit assessments are authorized by law and are expressed in mills per dollar or dollars per thousand dollars of net taxable value of property, assessed value of property or similar terms.
B. The county treasurer shall distribute all amounts collected under Subsection A of this section in the same manner as the amounts would have been distributed if they had been collected as taxes or assessments on nonexempt property.
C. The provisions of this section shall apply only to project property acquired by a local government under the provisions of the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] on or after January 1, 1986.
History:
1978 Comp., § 3-60A-13.1, enacted by Laws 1985, ch. 225, § 2; 2018, ch. 60, § 12.
ANNOTATIONS
Cross references.
— For constitutional provision on tax-exempt property,
see
N.M. Const., art. VIII, § 3.
For exemption from property tax of lessee's interests in project property,
see
7-36-3.1 NMSA 1978.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and replaced "municipality" with "local government" throughout the section.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-15 - Exercise of powers in carrying out projects.

A. A local government may directly exercise its metropolitan redevelopment project powers or it may, by ordinance if it determines such action to be in the public interest, elect to delegate the exercise of such powers to the metropolitan redevelopment agency created pursuant to the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978]. If the local government so determines, the agency shall be vested with all of the powers in the same manner as though all the powers were conferred on the agency or authority instead of the local government.
B. As used in this section, the term "redevelopment project powers" includes any rights, powers, functions and duties of a local government authorized by the Redevelopment Law except the following, which are reserved to the local government, the power to:
(1) declare an area to be a slum or a blighted area or combination thereof and to designate the area as appropriate for a redevelopment project;
(2) approve or amend redevelopment plans;
(3) approve a general plan for the local government as a whole;
(4) make findings of necessity prior to preparation of a metropolitan redevelopment plan as provided in the Redevelopment Law and the findings and determinations required prior to approval of a metropolitan redevelopment plan or project as provided in the Redevelopment Law;
(5) issue general obligation bonds and revenue bonds as authorized by law;
(6) approve loans or grants;
(7) approve leases of more than one year's duration;
(8) issue redevelopment bonds; and
(9) appropriate funds and levy taxes and assessments.
History:
Laws 1979, ch. 391, § 15; 2007, ch. 329, § 6; 2007, ch. 330, § 6; 2018, ch. 60, § 14.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; replaced "municipality" and "governing body" with "local government" throughout the section; and in Subsection B, Paragraph B(5), after "as authorized", deleted "in the Municipal Code" and added "by law", and in Paragraph B(8) after "issue", deleted "municipal".
The 2007 amendment,
effective June 15, 2007, eliminated the exercise of the power of eminent domain in Subsection B.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-15 - Exercise of powers in carrying out projects. (Effective July 1, 2024.)

A. A local government may directly exercise its metropolitan redevelopment project powers or it may, by ordinance if it determines such action to be in the public interest, elect to delegate the exercise of such powers to the metropolitan redevelopment agency created pursuant to the Redevelopment Law. If the local government so determines, the agency shall be vested with all of the powers in the same manner as though all the powers were conferred on the agency or authority instead of the local government.
B. As used in this section, the term "redevelopment project powers" includes any rights, powers, functions and duties of a local government authorized by the Redevelopment Law except the following, which are reserved to the local government, the power to:
(1) declare an area to be a slum or a blighted area or combination thereof and to designate the area as appropriate for a redevelopment project;
(2) approve or amend redevelopment plans;
(3) approve a general plan for the local government as a whole;
(4) make findings of necessity prior to preparation of a metropolitan redevelopment plan as provided in the Redevelopment Law and the findings and determinations required prior to approval of a metropolitan redevelopment plan or project as provided in the Redevelopment Law;
(5) issue general obligation bonds and revenue bonds as authorized by law;
(6) issue redevelopment bonds; and
(7) appropriate funds and levy taxes and assessments.
History:
Laws 1979, ch. 391, § 15; 2007, ch. 329, § 6; 2007, ch. 330, § 6; 2018, ch. 60, § 14; 2023, ch. 112, § 2.
ANNOTATIONS
The 2023 amendment,
effective July 1, 2024, revised the list of exceptions to the term "redevelopment project powers"; and in Subsection B, deleted Paragraphs B(6) and B(7), which provided for the approval of loans or grants and the approval of leases of more than one year's duration, and redesignated former Paragraphs B(8) and B(9) as Paragraphs B(6) and B(7), respectively.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-17 - Conflict of interest; misconduct.

No public official or employee of a local government or member of any board or commission of a local government and no commissioner or employee of a metropolitan redevelopment agency that has been vested by a local government with metropolitan redevelopment project powers by the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978] shall voluntarily acquire any interest, direct or indirect, in any metropolitan redevelopment project of the local government or in any contract or proposed contract in connection with the project. Where the acquisition is not voluntary, the interest acquired shall be immediately disclosed in writing to the local government, and the disclosure shall be entered upon its minutes. If any such official, commissioner or employee currently owns or controls or owned or controlled within the preceding two years any interest, direct or indirect, in any property that the official, commissioner or employee knows is included or planned to be included in a metropolitan redevelopment project, the official, commissioner or employee shall immediately disclose this fact in writing to the local government, and this disclosure shall be entered upon the minutes of the local government, and the official, commissioner or employee shall not participate in any action by the local government affecting the property. Any disclosure required to be made by this section to the local government shall concurrently be made to a metropolitan redevelopment agency that has been vested with metropolitan redevelopment project powers by the local government.
History:
Laws 1979, ch. 391, § 17; 2018, ch. 60, § 16.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and made technical changes; replaced "municipality" and "governing body" with "local government" throughout the section; and after "direct or indirect, in any", added "metropolitan redevelopment".
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-18 - Other powers.

A. Except as otherwise specifically set forth in Section 3-60A-15 NMSA 1978, the local government may delegate its metropolitan redevelopment powers in the manner provided for delegation of powers in the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978] to a metropolitan redevelopment agency that shall be vested with the powers in the same manner as though the powers were conferred on the agency instead of the local government.
B. The local government may, in the manner required by state law or municipal charter, provide for ordinances, rules, regulations or by other means it deems proper as are necessary to implement the Redevelopment Law. The local government and the agency shall be empowered to exercise only those powers authorized by the Redevelopment Law or otherwise provided by law. Nothing in the Redevelopment Law shall be construed to authorize the local government to operate an electric or gas utility.
History:
Laws 1979, ch. 391, § 18; 2018, ch. 60, § 17.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; replaced "municipality" and "governing body" with "local government" throughout the section; in Subsection A, after "set forth in Section", deleted "15 of the Redevelopment Law" and added "3-60A-15 NMSA 1978"; and in Subsection B, after "powers authorized by", added "the Redevelopment".
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-19 - Tax Increment Law; short title.

Sections 3-60A-19 through 3-60A-24 NMSA 1978 may be cited as the "Tax Increment Law".
History:
Laws 1979, ch. 391, § 19; 2018, ch. 60, § 18.
ANNOTATIONS
Cross references.
— For valuation of property generally,
see
7-36-1 NMSA 1978 et seq.
The 2018 amendment,
effective May 16, 2018, after "Sections", deleted "19 through 25 of the Metropolitan Redevelopment Code" and added "3-60A-19 through 3-60A-24 NMSA 1978".
Am. Jur. 2d, A.L.R. and C.J.S. references.
— 40 Am. Jur. 2d Housing Laws and Urban Redevelopment § 27.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-20 - Alternative method of financing.

A. Effective for tax years beginning on or after January 1, 1980, the local government may elect by resolution to use the procedures set forth in the Tax Increment Law [3-60A-19 to 3-60A-24 NMSA 1978] for financing metropolitan redevelopment 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, for the purpose of financing metropolitan redevelopment projects, is the dedication for further use in metropolitan redevelopment projects of that increase in property tax revenue directly resulting from the increased net taxable value of a parcel of property attributable to its rehabilitation, redevelopment or other improvement because of its inclusion within an urban renewal, community development or metropolitan redevelopment project.
History:
Laws 1979, ch. 391, § 20; 2018, ch. 60, § 19.
ANNOTATIONS
Cross references.
— For the Redevelopment Bonding Law,
see
3-60A-26 NMSA 1978 et seq.
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; and after "the local", deleted "governing body of a municipality" and added "government".
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-20 - Alternative funding method. (Effective July 1, 2024.)

A local government may elect by resolution to use the procedures set forth in the Tax Increment Law for funding metropolitan redevelopment projects. Such procedures may be used in addition to or in conjunction with other methods provided by law for funding such projects.
History:
Laws 1979, ch. 391, § 20; 2018, ch. 60, § 19; 2023, ch. 112, § 3.
ANNOTATIONS
The 2023 amendment,
effective July 1, 2024, provided that a local government may elect by resolution to use the procedures set forth in the Tax Increment Law for funding metropolitan redevelopment projects; in the section heading, added "funding", and deleted "of financing"; deleted "Effective for tax years beginning on or after January 1, 1980, the", after "Tax Increment Law for", deleted "financing" and added "funding", and after "provided by law for", deleted "financing" and added "funding"; and deleted Subsection B.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-22 - Metropolitan redevelopment fund; creation; disbursement.

There is created a "metropolitan redevelopment fund" for purposes of the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978]. Money in the metropolitan redevelopment fund shall be disbursed to the local government to be used as other money is authorized to be used in the Metropolitan Redevelopment Code.
History:
Laws 1979, ch. 391, § 22; 2018, ch. 60, § 21.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; after "shall be disbursed to the", deleted "municipality" and added "local government".
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-24 - Tax increment method; base value for distribution. (Repealed effective July 1, 2024.)

If the tax increment method of financing metropolitan redevelopment projects is used, the base value for distribution of property tax revenues 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 1979, ch. 391, § 24.
ANNOTATIONS
Delayed repeals.
— Laws 2023, ch. 112, § 14 repealed 3-60A-24 NMSA 1978, effective July 1, 2024.
Cross references.
— For constitutional restrictions on municipal indebtedness,
see
N.M. Const., art. IX, §§ 12, 13.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-25 - Repealed.

ANNOTATIONS
Repeals.
— Laws 1987, ch. 316, § 3 repealed 3-60A-25 NMSA 1978, as enacted by Laws 1979, ch. 391, § 25, relating to a method for approval of an additional tax increment period, effective June 19, 1987. For present comparable provisions,
see
3-60A-23 NMSA 1978.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-26 - Redevelopment Bonding Law; short title.

Sections 3-60A-26 through 3-60A-46 NMSA 1978 may be cited as the "Redevelopment Bonding Law".
History:
Laws 1979, ch. 391, § 26; 2018, ch. 60, § 24.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, after "Sections", deleted "26 through 46 of the Municipal Redevelopment Code" and added "3-60A-26 through 3-60A-46 NMSA 1978".
Am. Jur. 2d, A.L.R. and C.J.S. references.
— 40 Am. Jur. 2d Housing Laws and Urban Redevelopment § 32; 64 Am. Jur. 2d Public Securities and Obligations § 98.
64 Am. Jur. 2d Municipal Corporations § 1902 et seq.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-28 - General powers.

In addition to any other powers, each local government has the following powers:
A. to acquire, whether by construction, purchase, gift, devise, lease or sublease; to improve and equip; and to finance, sell, lease or otherwise dispose of one or more projects or part thereof. If a local government issues revenue bonds as provided by the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] to finance or acquire projects, the projects shall be located within the jurisdiction of the local government and within a metropolitan redevelopment area;
B. to enter into financing agreements with others for the purpose of providing revenues to pay the bonds authorized by the Redevelopment Bonding Law [3-60A-26 to 3-60A-46 NMSA 1978]; to lease, sell or otherwise dispose of any or all of its projects to others for revenue and upon terms and conditions the local government may deem advisable; and to grant options to renew any lease or other agreement with respect to the project and to grant options to buy any project at a price the local government deems desirable;
C. to issue revenue bonds for the purpose of defraying the cost of financing, acquiring, improving and equipping any project, including the payment of principal and interest on the bonds for a period not to exceed three years and all other incidental expenses incurred in issuing the bonds; and
D. to secure payment of revenue bonds as provided in the Redevelopment Bonding Law.
History:
Laws 1979, ch. 391, § 28; 2018, ch. 60, § 26.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties, and made technical changes; replaced "municipality" and "governing body" with "local government" throughout the section; and deleted former subsection designation "A" and redesignated former Paragraphs A(1) through A(4) as Subsections A through D, respectively.
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-30 - Bonds as legal investments.

All banks, trust companies, bankers, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business; all insurance companies, insurance associations and other persons carrying on an insurance business; and all executors, administrators, curators, trustees and other fiduciaries may legally invest any sinking funds, money or other funds belonging to them or within their control in any bonds or other obligations issued by a local government pursuant to the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] or by any agency vested with metropolitan redevelopment project powers under the Redevelopment Law [3-60A-5 to 3-60A-18 NMSA 1978]; provided that the bonds and other obligations shall be secured by a pledge of property or revenues or combinations thereof that is of sufficient value to equal the principal and interest of the bonds at maturity. The bonds and other obligations shall be authorized security for all public deposits. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
History:
Laws 1979, ch. 391, § 30; 2018, ch. 60, § 28.
ANNOTATIONS
The 2018 amendment,
effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; and after "obligations issued by a", deleted "municipality" and added "local government".
2023 New Mexico Statutes › Chapter 3 - Municipalities › Article 60A - Metropolitan Redevelopment › Section 3-60A-30 - Bonds as legal investments. (Effective July 1, 2024.)

All banks, trust companies, bankers, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business; all insurance companies, insurance associations and other persons carrying on an insurance business; and all executors, administrators, curators, trustees and other fiduciaries may legally invest any sinking funds, money or other funds belonging to them or within their control in any bonds or other obligations issued by a local government pursuant to the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] or by any agency vested with metropolitan redevelopment project powers under the Redevelopment Law [3-60A-5 to 3-60A-13, 3-60A-14 to 3-60A-18 NMSA 1978]; provided that the bonds and other obligations shall be secured by a pledge of revenues that is of sufficient value to equal the principal and interest of the bonds at maturity. The bonds and other obligations shall be authorized security for all public deposits. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
History:
Laws 1979, ch. 391, § 30; 2018, ch. 60, § 28; 2023, ch. 112, § 9.
ANNOTATIONS
The 2023 amendment,
effective July 1, 2024, removed a requirement that required bonds be secured by a pledge of property; and after "a pledge of", deleted "property or", and after "revenues", deleted "or combinations thereof".