administrative fee. (Effective July 1, 2025.) A. A distribution for a tax increment development district shall be made by the department to a special fund of the district, in accordance with a notice that is filed pursuant to Section 5-15-27 N.M. Stat. Ann. with respect to a dedication of a gross receipts tax increment, to a special fund of the tax increment development district.

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B. The department shall withhold an administrative fee of three percent of the net amount to be distributed pursuant to Subsection A of this section, and the money from the fee shall be remitted to the state treasurer for deposit in the general fund each month.