Effective date of ordinance

NMSA 1978, § 7-19D-3

in effect

7-19D-3. Effective date of ordinance A. Except as provided in Subsection B of this section, an ordinance imposing, amending or repealing a tax or an increment of tax authorized by the Municipal Local Option Gross Receipts and Compensating Taxes Act shall be effective on the first July 1 after the expiration of at least three months from the date the adopted ordinance is mailed or delivered to the department. B. If the governor declares a state of emergency, or if there is an unforeseen occurrence that would cause a municipality's reserves to drop below the amount required by the local government division of the department of finance and administration, as certified by the division, an ordinance imposing a tax or an increment of a tax may become effective on the first January 1 after the expiration of at least three months after such a declaration or event and notification to the department. C. The ordinance imposing, amending or repealing a tax or an increment of tax shall include the effective date. 1978 Comp., § 7-19D-3, enacted by Laws 1993, ch. 346, § 3; 2025, ch. 130, § 106.

Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-19D-3Fetched: 10/20/2026