PAYMENT OF CERTAIN IRB SPECIAL ASSESSMENTS

HB 165 clarifies that property lessees under industrial revenue bond leases must pay special assessments for eligible energy, water, or resilience improvements on commercial, industrial, or large residential properties. The bill amends New Mexico law to explicitly include lessees (not just owners) as responsible for these payments under the Improvement Special Assessment Act. Key provisions require counties to record liens securing these assessments against the property, with the payment obligation tied to the lease agreement. This directly affects lessees of properties with five or more dwelling units or industrial facilities financed through such leases. The bill does not change the types of qualifying improvements or create new financing mechanisms.