Bill > SB311

This bill amends the Metropolitan Redevelopment Code to explicitly grant local governments the power of eminent domain when carrying out metropolitan redevelopment projects. The legislation clarifies that local governments now have comprehensive powers to acquire, own, lease, improve, and dispose of properties in designated metropolitan redevelopment areas with the goal of promoting economic development, mitigating unemployment, and addressing blighted or slum areas. The bill expands local governments' authority to include a wide range of activities such as acquiring land, clearing and preparing sites, installing infrastructure, constructing public facilities, providing services, making grants and loans, rehabilitating properties, and developing areas for residential, commercial, industrial, and public use. Specifically, the bill removes language that previously excluded eminent domain from local governments' powers and now explicitly states that eminent domain is included among the powers available to local governments for metropolitan redevelopment purposes. The legislation aims to provide local governments with robust tools to revitalize urban areas, stimulate economic activity, and improve community infrastructure, while ensuring that these powers are exercised for the benefit of state inhabitants and in promotion of their health, safety, welfare, and prosperity.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=311&year=25