Section 63-1-20 - Assessment remaining unpaid; requirements for new levy. - New Mexico Statutes

63-1-20. [Assessment remaining unpaid; requirements for new levy.]

No assessment shall be levied while any portion of a previous one remains unpaid, unless:   

A.     the power of the corporation has been exercised in accordance with the provisions of this chapter, for the purpose of collecting such previous assessment;   

B.     the collection of the previous assessment has been enjoined; or   

C.     the assessment falls within the first proviso contained in the preceding section [63-1-19 NMSA 1978].