Section 7-1-6.54 - [Effective 7/1/2025] Distributions-tax increment development districts-administrative feeA. A distribution for a tax increment development district shall be made by the department to a special fund of the district, in accordance with a notice that is filed pursuant to Section 5-15-27 NMSA 1978 with respect to a dedication of a gross receipts tax increment, to a special fund of the tax increment development district.B. The department shall withhold an administrative fee of three percent of the net amount to be distributed pursuant to Subsection A of this section, and the money from the fee shall be remitted to the state treasurer for deposit in the general fund each month.Amended by 2024, c. 59,s. 5, eff. 7/1/2025.Amended by 2019, c. 275,s. 9, eff. 7/1/2019.This section is set out more than once due to postponed, multiple, or conflicting amendments.