Improvement district; additional purpose

An improvement district may also be created as authorized in Chapter 4, Article 55A NMSA 1978 in order to construct, repair or maintain improvements in one or more locations as a means to stimulate manufacturing, industrial, commercial or business development or to construct or acquire, repair, operate and maintain one or more of the following inadequacies necessary to bring a premature subdivision into compliance within an improvement district within a municipality: A. street right-of-way or street access control; B. drainage easements or right-of-way; C. park, recreation or open-space areas; D. overall grading and drainage plan; and E. adequate subdivision grading both on or off the public right-of-way. History: Laws 1991, ch. 17, § 4; Laws 1991, ch. 199, § 34.