NMSA 1978, § 7-38-8.1 — 7-38-8.1

Division to adopt regulations to require reporting of
exempt property.
The division shall adopt regulations to insure that all real property owned by any
nongovernmental entity and claimed to be exempt from property taxation under the
provisions of Paragraph (1) of Subsection B of Section 7-36-7 NMSA 1978 shall be
reported for valuation purposes to the appropriate valuation authority. These regulations
shall include provisions for initial reporting of the property and claiming of the exempt
status pursuant to Subsection C of Section 7-38-17 NMSA 1978.