Section 5-18-4 - Renewable energy financing districts authorized. - New Mexico Statutes

5-18-4. Renewable energy financing districts authorized.

A.     A governing body of a municipality or county may form a district for the purpose of encouraging, accommodating and financing renewable energy improvements on property within the municipality or county.  A district shall include only property for which an owner executes an agreement consenting to the inclusion of the property within the district and to the imposition of a special assessment on the property for the purpose of financing renewable energy improvements.

B.     A district formed by a municipality shall be wholly within the boundaries of the municipality.  A district formed by a county shall be wholly within the boundaries of the county and shall be in the unincorporated area of the county, or may include an incorporated area with the municipality's consent.  A district may include contiguous and noncontiguous property.

C.     Except as otherwise provided in this section, a district shall be a political subdivision of the state, separate and apart from the municipality or county.