New Mexico § 5-9-6 - Enterprise zone plan; incentives and initiatives
Full text of New Mexico New Mexico Statutes Annotated § 5-9-6 — Enterprise zone plan; incentives and initiatives, with citation guidance and answers to common questions.
§ 5-9-6. Enterprise zone plan; incentives and initiatives
A. The enterprise zone plan shall include: (1) a map of the enterprise zone; (2) a narrative describing how the enterprise zone will eliminate economic distress
in the enterprise zone; (3) a description of local incentives and initiatives to be implemented in the enterprise
zone; (4) the concurrences of any other local government or nongovernmental entity involved
in providing local incentives and initiatives; (5) the termination date for the enterprise zone; (6) a listing of properties within the enterprise zone to which the tax increment
procedures authorized by the Enterprise Zone Act are to be applied; (7) a boundary description of the enterprise zone; (8) a list of street addresses contained in the enterprise zone; and (9) any other information the local government requires by ordinance to be included
in the plan. B. The local incentives and initiatives to be implemented may use local funds and,
to the extent permitted by law, funds from federal or state programs and may include: (1) a reduction of taxes or fees applying within the enterprise zone when the reduction
is permitted by law; (2) programs to increase the level of efficiency of local services provided within
the enterprise zone; (3) preferences to be granted to businesses operating within the enterprise zone; (4) mechanisms to increase the equity ownership of residents and employees of businesses
operating within the enterprise zone; and (5) methods to involve private entities, organizations, neighborhood associations
and community groups in the enterprise zone. C. At any time after an enterprise zone is designated, the local government may change
the enterprise zone plan after public hearing on the proposed changes.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-9-6
What does New Mexico Statutes Annotated § 5-9-6 cover?
Section 5-9-6 ("Enterprise zone plan; incentives and initiatives") 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 § 5-9-6?
A common citation format is "New Mexico Statutes Annotated § 5-9-6" (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 § 5-9-6 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.