0001| HOUSE BILL 1038
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| PATSY G. TRUJILLO
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0005|
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0006|
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0007|
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0008|
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0009|
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0010| AN ACT
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0011| RELATING TO HOUSING; AUTHORIZING DEVELOPMENT FEES FOR
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0012| AFFORDABLE HOUSING; AMENDING SECTIONS OF THE DEVELOPMENT FEES
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0013| ACT.
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0014|
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0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016| Section 1. Section 5-8-4 NMSA 1978 (being Laws 1993,
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0017| Chapter 122, Section 4) is amended to read:
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0018| "5-8-4. ITEMS PAYABLE BY FEE.--
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0019| A. An impact fee may be imposed only to pay for
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0020| affordable housing or the following specified costs of
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0021| constructing capital improvements or facility expansions:
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0022| (1) estimated capital improvements plan cost;
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0023| (2) planning, surveying and engineering fees
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0024| paid to an independent qualified professional who is not an
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0025| employee of the municipality or county for services provided
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0001| for and directly related to the construction of capital
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0002| improvements or facility expansions;
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0003| (3) fees actually paid or contracted to be
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0004| paid to an independent qualified professional who is not an
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0005| employee of the municipality or county for the preparation or
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0006| updating of a capital improvements plan; and
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0007| (4) up to three percent of total impact fees
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0008| collected for administrative costs for municipal or county
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0009| employees who are qualified professionals.
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0010| B. Projected debt service charges may be included
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0011| in determining the amount of impact fees only if the impact
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0012| fees are used for the payment of principal and interest on
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0013| bonds, notes or other obligations issued to finance affordable
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0014| housing, construction of capital improvements or facility
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0015| expansions identified in the capital improvements plan."
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0016| Section 2. Section 5-8-5 NMSA 1978 (being Laws 1993,
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0017| Chapter 122, Section 5) is amended to read:
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0018| "5-8-5. ITEMS NOT PAYABLE BY FEE.--Impact fees shall not
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0019| be imposed or used to pay for:
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0020| A. construction, acquisition or expansion of public
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0021| facilities or assets that are not capital improvements or
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0022| facility expansions identified in the capital improvements
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0023| plan;
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0024| B. repair, operation or maintenance of existing or
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0025| new capital improvements or facility expansions;
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0001| C. upgrading, updating, expanding or replacing
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0002| existing capital improvements to serve existing development in
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0003| order to meet stricter safety, efficiency, environmental or
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0004| regulatory standards;
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0005| D. upgrading, updating, expanding or replacing
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0006| existing capital improvements to provide better service to
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0007| existing development;
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0008| E. administrative and operating costs of a
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0009| municipality or county except as provided in Paragraph (4) of
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0010| Subsection A of Section [4 of the Development Fees Act] 5-8-
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0011| 4 NMSA 1978;
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0012| F. principal payments or debt service charges on
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0013| bonds or other indebtedness except as allowed by Section [4 of
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the Development Fees Act] 5-8-4 NMSA 1978; or
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0015| G. libraries, community centers, schools, projects
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0016| for economic development and employment growth [affordable
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housing] or apparatus and equipment of any kind except capital
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0018| improvements defined in Paragraph (3) of Subsection [C] D
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0019| of Section [2 of the Development Fees Act] 5-8-2 NMSA
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0020| 1978."
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