Statutes > New Mexico Statutes > Chapter 5 - Municipalities and Counties. > Article 9 - Enterprise Zones, 5-9-1 through 5-9-15. > Section 5-9-14 - Tax increment method; base value for distribution.

Section 5-9-14 - Tax increment method; base value for distribution.

5-9-14. Tax increment method; base value for distribution.

If the tax increment method of financing enterprise zone projects is used, the base value shall be the value used in calculating the limit of general obligation indebtedness imposed by the constitution of New Mexico and the statutes of New Mexico.