6-35-6. Property tax levy rescission election.
254 words·~1 min read·
/nm/chapter-6-public-finances/article-35-state-fairgrounds-district/6-35-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A property tax levy imposed by the district may be rescinded within the four-year period during which a property tax levy imposed by the district is effective if:
(1)thirty-three and one-third percent of the number of persons who voted in the election for the imposition of that property tax levy sign a petition to rescind the property tax levy; and
(2)each person who signs the petition is a qualified elector of the district.
B. The petition shall be filed with the board for verification of the signatures, as to both number and qualifications of the persons signing. If the board verifies that the petition contains the requisite number of signatures by persons qualified to sign the petition pursuant to Subsection A of this section, the question of rescission of the property tax levy imposed by the district shall be placed on the ballot for:
(1)a special election held in accordance with the special election procedures of the Election Code that is called and held within ninety days; provided that the date does not conflict with the provisions of Section 1-24-1 NMSA 1978; or
(2)the next occurring regular local election or general election if that election is to be held within less than one hundred twenty days.
C. A petition for rescission of a property tax levy imposed by the district may be submitted only once each year during the four-year period during which a property tax levy by the district is effective.
History: Laws 2025, ch. 83, § 6.