Statutes > New Mexico Statutes > Chapter 5 - Municipalities and Counties. > Article 8 - Land Development Fees and Rights, 5-8-1 through 5-8-43. > Section 5-8-10 - Agreement with owner regarding payment.

Section 5-8-10 - Agreement with owner regarding payment.

5-8-10. Agreement with owner regarding payment.

A municipality or county is authorized to enter into an agreement with the owner of a tract of land for which a plat has been recorded providing for a method of payment of the impact fees over an extended period of time otherwise in compliance with the Development Fees Act.