HB 151: LOWER RIO GRANDE WATER WORKS RIGHTS & LIENS
An Act Relating To Special Districts; Amending A Section Of The Nmsa 1978; Providing That Water Rights May Be Combined Or Commingled Among Merging Components Of The Lower Rio Grande Public Water Works Authority; Providing For Utility Charges Of The Lower Rio Grande Public Water Works Authority As A Lien Against Property Served.
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HB 151
LOWER RIO GRANDE WATER WORKS RIGHTS & LIENS
- Legislative URL:
- HB 151 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- N/A
- Location:
- HRC
- Action:
- HPREF [1] not prntd-HRC API.
- Issue(s):
- Water Quality & Supply
Companion Bills
Related Legislators
- Bill Sponsor:
- Bealquin Bill Gomez
Related Documents
- Downloads:
-
Introduced
Fiscal Impact Report
Summary
This bill details the process that must be followed when the Rio Grande Public Water Works Authority places a lien on property for nonpayment of money owed, or when the authority forecloses a lien in the district court.
It provides that a lien for multiple charges or assessments on a property owner may be included in the same notice of lien; and specifies that, unless otherwise provided by law, the principal amount of any lien imposed for a charge or assessment shall bear interest at the rate of 12 percent per year from the date of filing the notice of lien. All authority liens will be first and prior liens, subject only to general state and county tax liens.
A possible benefit of this bill might be that it protects the authority and its members, including those members on whose property a lien may be filed, by making clear the process and conditions of a lien as to both filing and foreclosure.