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HB 165·NM·house

PAYMENT OF CERTAIN IRB SPECIAL ASSESSMENTS

Signed into LawFiled Jan 26, 2026
Sponsor: Serrato, Linda
Latest Action

PASS - SGND BY GOV - Chapter 18

Mar 3, 2026

Summary

HB 165 changes the Improvement Special Assessment Act so that any special assessment for energy, water or resiliency upgrades must be paid by the property owner or the lessee under an industrial revenue bond lease. Counties must record a lien and transfer it to the financing provider, which handles billing and collection. Local governments are barred from being liable for the debt.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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