Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 38 - Administration and Enforcement of Property Taxes, 7-38-1 through 7-38-93. > Section 7-38-87 - Administrative regulations; promulgation; general provisions.

Section 7-38-87 - Administrative regulations; promulgation; general provisions.

7-38-87. Administrative regulations; promulgation; general provisions.

A.     Except for regulations promulgated by the department, regulations authorized or directed to be promulgated under the Property Tax Code [Articles 35 to 38 of Chapter 7 NMSA 1978] may be promulgated by the authorized governmental agency without prior notice or hearing and shall become effective when filed in accordance with the State Rules Act [14-4-1 NMSA 1978].   

B.     All regulations promulgated under the Property Tax Code shall be applied prospectively only unless there is a statement in the regulation that it is to have retroactive effect and a statement of the extent of any retroactive effect.