There is created a 'metropolitan redevelopment fund' for purposes of the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978]. Money in the metropolitan redevelopment fund shall be disbursed to the local government to be used as other money is authorized to be used in the Metropolitan Redevelopment Code. History: Laws 1979, ch. 391, § 22; 2018, ch. 60, § 21. ANNOTATIONSThe 2018 amendment, effective May 16, 2018, extended the powers and duties as identified in the Metropolitan Redevelopment Code from only municipalities to now include counties; after 'shall be disbursed to the', deleted 'municipality' and added 'local government'.
New Mexico Legal Code