Statutes > New Mexico Statutes > Chapter 5 - Municipalities and Counties. > Article 15 - Tax Increment for Development, 5-15-1 through 5-15-28. > Section 5-15-24 - Tax increment accounting procedures.

Section 5-15-24 - Tax increment accounting procedures.

5-15-24. Tax increment accounting procedures.

A district board shall separately account for all revenues and indebtedness based on gross receipts tax increments and property tax increments.  The district board shall individually account for all gross receipts tax increments.