summary
Introduced
01/27/2022
01/27/2022
In Committee
02/08/2022
02/08/2022
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO POLITICAL SUBDIVISIONS; AMENDING THE PUBLIC IMPROVEMENT DISTRICT ACT; ALLOWING ONLY A GOVERNING BODY OF A MUNICIPALITY OR COUNTY TO IMPOSE A PROPERTY TAX, SUBJECT TO AN ELECTION, OR A SPECIAL LEVY FOR PURPOSES OF THAT ACT; AUTHORIZING THE CREATION OF AN ADMINISTRATIVE COMMITTEE PURSUANT TO THAT ACT; REMOVING THE OPTION TO IMPOSE A HIGHER RATE OF PROPERTY TAX IF APPROVED BY VOTERS IN THE DISTRICT; AMENDING THE TAX INCREMENT FOR DEVELOPMENT ACT; ALLOWING ONLY A GOVERNING BODY TO IMPOSE A PROPERTY TAX FOR PURPOSES OF THAT ACT; AUTHORIZING THE CREATION OF AN ADMINISTRATIVE COMMITTEE PURSUANT TO THAT ACT; SUBJECTING CONTRACTS ENTERED INTO BY A PUBLIC IMPROVEMENT DISTRICT BOARD OR A TAX INCREMENT DEVELOPMENT DISTRICT BOARD TO THE PROCUREMENT CODE; AMENDING THE AUDIT ACT TO ALLOW A GOVERNMENT COMPONENT UNIT TO BE AUDITED SEPARATELY FROM ITS PRIMARY GOVERNMENT ENTITY AND TO REQUIRE THAT THE COMPONENT UNIT'S AUDIT BE INCLUDED IN THE PRIMARY GOVERNMENT ENTITY'S AUDIT; MAKING CONFORMING AND TECHNICAL CHANGES; DECLARING AN EMERGENCY.
AI Summary
This bill:
- Amends the Public Improvement District Act to allow only a governing body of a municipality or county to impose a property tax or a special levy for the district, subject to an election. It authorizes the creation of an administrative committee to administer the district and removes the option to impose a higher property tax rate if approved by voters.
- Amends the Tax Increment for Development Act to allow only a governing body to impose a property tax for the district and authorizes the creation of an administrative committee. It subjects contracts entered into by the district board to the Procurement Code.
- Amends the Audit Act to allow a government component unit to be audited separately from its primary government entity and require the component unit's audit to be included in the primary government entity's audit.
Committee Categories
Justice
Sponsors (2)
Last Action
Senate Judiciary Committee (00:00 2/14/2022 Room 321) (on 02/14/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=178&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0178.pdf |
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