GroundRules
← Search the law
New Mexico · Through 2025-07-01

5-15-20.1: Debt service reserve account.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 5 - Municipalities and Counties
  2. ARTICLE 15 Tax Increment for Development

After the retirement of all bonds issued pursuant to the tax increment development plan, any balance in a debt service reserve account established for the payment of those bonds shall be paid to the governments that have dedicated a tax increment to the district in proportion to the amount of tax increment attributable to their dedication.

Collected 2026-09-03T15:02:19Z. Source file · JSON

Browse this collection