A distribution for a metropolitan redevelopment project pursuant to the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] shall be made to the metropolitan redevelopment fund in accordance with the provisions of Subparagraph (b) of Paragraph (4) of Subsection B of Section 3-60A-21 NMSA 1978 with respect to a dedication of a gross receipts tax increment.History: Laws 2023, ch. 112, § 11; 2024, ch. 59, § 7; 2024, ch. 62, § 2. ANNOTATIONSCompiler's notes. — Laws 2024, ch. 62, § 3 changed the effective date of Laws 2023, ch. 112 from July 1, 2024 to January 1, 2025.2024 Multiple Amendments. — Laws 2024, ch. 59, § 7, effective July 1, 2025, and Laws 2024, ch. 62, § 2, effective January 1, 2025, enacted different amendments to this section that can be reconciled. Laws 2024, ch. 62, § 2, effective January 1, 2025, is set out above. The provision of Laws 2024, ch. 59, § 7, as reconciled with Laws 2024, ch. 62, § 2, become effective July 1, 2025. See section that follows. Laws 2024, ch. 62, § 2 [set out above], effective January 1, 2025, provided that a distribution for a metropolitan redevelopment project pursuant to the Metropolitan Redevelopment Code shall be made to ws 2024, ch. 62, § 2 [set out above], effective January 1, 2025, provided that a distribution for a metropolitan redevelopment project pursuant to the Metropolitan Redevelopment Code shall be made to the metropolitan redevelopment fund in accordance with Subparagraph B(4)(b) of § 3-60A-21 NMSA 1978; and after 'in accordance with', deleted 'a notice filed by a municipality or county pursuant to' and added 'the provisions of Subparagraph (b) of Paragraph (4) of Subsection B of'.
New Mexico Legal Code