New Mexico § 5-8-4 - Items payable by fee
Full text of New Mexico New Mexico Statutes Annotated § 5-8-4 — Items payable by fee, with citation guidance and answers to common questions.
§ 5-8-4. Items payable by fee
A. An impact fee may be imposed only to pay the following specified costs of constructing
capital improvements or facility expansions: (1) estimated capital improvements plan cost; (2) planning, surveying and engineering fees paid to an independent qualified professional
who is not an employee of the municipality or county for services provided for and
directly related to the construction of capital improvements or facility expansions; (3) fees actually paid or contracted to be paid to an independent qualified professional,
who is not an employee of the municipality or county, for the preparation or updating
of a capital improvements plan; and (4) up to three percent of total impact fees collected for administrative costs for
municipal or county employees who are qualified professionals. B. Projected debt service charges may be included in determining the amount of impact
fees only if the impact fees are used for the payment of principal and interest on
bonds, notes or other obligations issued to finance construction of capital improvements
or facility expansions identified in the capital improvements plan.
Frequently Asked Questions About New Mexico § 5-8-4
What does New Mexico Statutes Annotated § 5-8-4 cover?
Section 5-8-4 ("Items payable by fee") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 5-8-4?
A common citation format is "New Mexico Statutes Annotated § 5-8-4" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 5-8-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.