New Mexico Administrative Code
Title 18 - TRANSPORTATION AND HIGHWAYS
Chapter 11 - AIRPORTS
Part 2 - AIRCRAFT REGISTRATION
Section 18.11.2.9 - TIME OF REGISTRATION: PENALTY
Current through Register Vol. 35, No. 18, September 24, 2024
A. The owner or lessee of an aircraft, whomever is in possession, shall register the aircraft prior to March 1 of each year.
B. Any person who purchases, leases, or otherwise acquires an aircraft or brings one into the State shall register said aircraft within fifteen days of the purchase, lease, acquisition, or entering of the State.
C. Any owner or lessee who fails to comply with Subsection A of 18.11.2. 9 NMAC or any person who fails to comply with Subsection B of 18.11.2.9 NMAC shall pay a fine equal to ten percent (10%) of the regular registration fee times each month or portion of a month that the registration fee is past due.
D. In determining whether a registration fee paid pursuant to Subsections A or B of 18.11.2.9 NMAC is timely, the Division shall calculate the date the registration fee is paid as follows.
E. Penalties assessed pursuant to Subsection C of 18.11.2.9 NMAC shall continue until:
F. Upon determination by the Division that a plane is no longer based or hangared in the State or is no longer airworthy, the Division shall cancel all fees assessed after the date when the plane was no longer based or hangared in the State or was no longer airworthy, and all penalties which may have accrued on those fees.