Section 7-1-6.71 - [Effective 7/1/2025] Distribution-metropolitan redevelopment fund-administrative feeA. A distribution for a metropolitan redevelopment project pursuant to the Metropolitan Redevelopment Code shall be made to the metropolitan redevelopment fund in accordance with a notice filed by a municipality or county pursuant to Section 3-60A-21 NMSA 1978 with respect to a dedication of a gross receipts tax increment.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. 7, eff. 7/1/2025.Amended by 2024, c. 62,s. 2, eff. 1/1/2025.Added by 2023, c. 112,s. 11, eff. 1/1/2025.This section is set out more than once due to postponed, multiple, or conflicting amendments.