A. If the formation of the tax increment development district is approved in accordance with the provisions of Section 5-15-8 N.M. Stat. Ann., the governing body shall deliver a copy of the resolution ordering formation of the tax increment development district to each of the following persons or entities:

(1)     the county assessor, the county treasurer and the clerk of the county in which the district is located;

(2)     the school district within which any portion of the property located within a tax increment development area lies;

(3)     any other taxing entities within which any portion of the property located within a tax increment development area lies;

(4)     the taxation and revenue department;

(5)     the local government division of the department of finance and administration; and

(6)     the director of the legislative finance committee.

B. A notice of the formation showing the number and date of the resolution and giving a description of the land included in the district shall be recorded with the clerk of the county in which the district is located.

C. A tax increment development district shall be a political subdivision of the state, separate and apart from a municipality or county.