Section 66-3-2.7 - New fleet; estimated mileage. - New Mexico Statutes

66-3-2.7. New fleet; estimated mileage.

The initial application for proportional registration of a fleet shall state the mileage data with respect to such fleet for the preceding year in this and other jurisdictions. If no operations were conducted with such fleet during the preceding year, the application shall contain a full statement of the proposed method of operation and estimates of annual mileage in this state and other jurisdictions. The division shall determine the in-state and total fleet miles to be used in computing the fee payment for the fleet. The division may evaluate and adjust the estimate in the application if it is not satisfied as to the correctness thereof.