A court, rendering a judgment for the plaintiff in a proceeding brought under section 42A-1-29 N.M. Stat. Ann. awarding compensation for the actual physical taking of the property by the displacing agency, or the agency effecting a settlement of any such proceeding, shall, when required by federal law or by a federal grant contract governing the project or program, determine and award or allow to the plaintiff as a part of the judgment or settlement a sum which will reimburse the plaintiff for his reasonable costs, disbursements and expenses, including reasonable attorney, appraisal and engineering fees actually incurred because of the proceeding.

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Terms Used In New Mexico Statutes 42-3-10

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.