0001|                           SENATE BILL 296
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                           DIANNA J. DURAN
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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 RECORDING FEES; CHANGING THE PURPOSE FOR WHICH
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0012|     EQUIPMENT RECORDING FEES CAN BE USED.
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0013|     
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0014|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0015|          Section 1.  Section 14-8-12.2 NMSA 1978 (being Laws 1985,
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0016|     Chapter 122, Section 2, as amended) is amended to read:
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0017|          "14-8-12.2.  RECORDING FEES--WHEN INSTRUMENT IS
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0018|     PHOTOCOPIED.--
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0019|               A.  For each instrument recorded and when the
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0020|     instrument is photocopied, the county clerk shall charge a
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0021|     recording fee of five dollars ($5.00) for the first page and
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0022|     two dollars ($2.00) for each additional page or portion
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0023|     thereof of the same instrument.
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0024|               B.  For each instrument recorded and when the
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0025|     instrument is photocopied, the county clerk may charge, in
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0001|     addition to any other fees authorized by law, including the
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0002|     fee provided in Subsection A of this section, an equipment
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0003|     recording fee.  The equipment recording fee shall not exceed
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0004|     three dollars ($3.00) for each instrument recorded, except
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0005|     that in class A counties the equipment recording fee shall not
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0006|     exceed two dollars ($2.00).
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0007|               C.  Amounts collected from the equipment recording
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0008|     fee shall be deposited into a county clerk recording and
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0009|     filing fund, which shall be established by the county.  Money
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0010|     in the county clerk recording and filing fund shall be
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0011|     expended ~[only]~ to rent, purchase, lease or lease-purchase
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0012|     equipment associated with recording, filing, maintaining or
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0013|     reproducing documents in the county clerk's office;
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0014|     |remodeling the clerk's office to accommodate the equipment|;
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0015|     and for staff training on office procedures and equipment.
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0016|               D.  The equipment recording fee and expenditures
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0017|     from the county clerk recording and filing fund shall be
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0018|     determined annually by the county clerk and approved by the
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0019|     board of county commissioners."
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0020|                              
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