New Mexico § 5-8-8 - Time for assessment and collection of fee
Full text of New Mexico New Mexico Statutes Annotated § 5-8-8 — Time for assessment and collection of fee, with citation guidance and answers to common questions.
§ 5-8-8. Time for assessment and collection of fee
A. Assessments of an impact fee shall be made at the earliest possible time. Collection of the impact fee shall occur at the latest possible time. B. For land that has been platted in accordance with the subdivision or platting procedures
of a municipality or county before the effective date of the Development Fees Act
or for land on which new development occurs or is proposed without platting, the municipality
or county may assess the impact fees at the time of development approval or issuance
of a building permit, whichever date is earlier. The assessment shall be valid for a period of not less than four years from the
date of development approval or issuance of a building permit, whichever date is earlier. C. For land that is platted after the effective date of the Development Fees Act,
the municipality or county shall assess the fees at the time of recording of the subdivision
plat and this assessment shall be valid for a period of not less than four years from
the date of recording of the plat. D. Collection of impact fees shall occur no earlier than the date of issuance of a
building permit. E. For new development that is platted in accordance with the subdivision or platting
procedures of a municipality or county before the adoption of an impact fee, an impact
fee shall not be collected on any service unit for which a valid building permit has
been issued. F. After the expiration of the four-year period described in Subsections B and C of
this section, a municipality or county may adjust the assessed impact fee to the level
of current impact fees as provided in the Development Fees Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-8-8
What does New Mexico Statutes Annotated § 5-8-8 cover?
Section 5-8-8 ("Time for assessment and collection of 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 § 5-8-8?
A common citation format is "New Mexico Statutes Annotated § 5-8-8" (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 § 5-8-8 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.