N.M. Stat. § 5-15-20.1
Current through 2024, ch. 69
After the retirement of all bonds issued pursuant to the tax increment development plan, any balance in a debt service reserve account established for the payment of those bonds shall be paid to the governments that have dedicated a tax increment to the district in proportion to the amount of tax increment attributable to their dedication.
NMS § 5-15-20.1