PAYMENT OF CERTAIN IRB SPECIAL ASSESSMENTS

Summary

The bill amends New Mexico’s Improvement Special Assessment Act to state that property owners or lessees holding industrial revenue bond leases must pay any special assessments for energy, water, renewable or resiliency improvements. It also sets out exactly what information must be recorded when a special‑assessment lien is placed on the property. This ensures the financing entity can collect repayment through the property’s lien.

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