New Mexico Statutes 3-49-5. Streets; public grounds; water systems; sewers; sidewalks;
Current as of: 2023 | Check for updates
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assessments.
Terms Used In New Mexico Statutes 3-49-5
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
A. For the purpose of Sections 3-49-1 and 3-53-1 N.M. Stat. Ann., a municipality may: (1) open, construct, repair, keep in order and maintain water mains, laterals, reservoirs, standpipes, sewers and drains; and
(2) assess and collect as other assessments and collections are made the amount necessary to cover the cost of such work.
B. The assessment against the lot or land along or through which the street, alley, sidewalk or public ground runs shall be made in such portion as is just and equitable according to the benefits accruing to the lot or land and to its value.