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New Mexico Statutes Chapter 5. Municipalities and Counties § 5-8-15. Credits against facilities fees

Current as of January 01, 2024 | Updated by FindLaw Staff

Any construction of, contributions to or dedications of on-site or off-site facilities, improvements, or real or personal property with off-site benefits not required to serve the new development, in excess of minimum municipal and county standards established by a previously adopted and valid ordinance or regulation and required by a municipality or county as a condition of development approval shall be credited against impact fees otherwise due from the development. The credit shall include the value of:

A. dedication of land for parks, recreational areas, open space trails and related areas and facilities or payments in lieu of that dedication; and

B. dedication of rights of way or easements or construction or dedication of on-site water distribution, wastewater collection or drainage facilities, or streets, sidewalks or curbs.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 5. Municipalities and Counties § 5-8-15. Credits against facilities fees - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-5-municipalities-and-counties/nm-st-sect-5-8-15/

Read this complete New Mexico Statutes Chapter 5. Municipalities and Counties § 5-8-15. Credits against facilities fees on Westlaw. Westlaw subscription required.

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