The legislature determines that the economic development of the state will be best served by not terminating the existing eighty-six canopy licenses but rather by replacing the canopy licenses with dispenser's licenses as provided in this act in order to increase state revenues, to avoid the loss of state and local tax and license fee revenues, to avoid the loss of many jobs and to help promote a stable business climate in the state.
History: 1978 Comp., § 60-6B-15, enacted by Laws 1988, ch. 12, § 3.
Repeals and reenactments. — Laws 1988, ch. 12, § 3, repeals former 60-6B-15 NMSA 1978, regarding issuance of canopy licenses, as enacted by Laws 1981, ch. 39, § 117, and enacts the above section, effective May 18, 1988. For provisions of former section, see 1987 Replacement Pamphlet.
Meaning of "this act". — The term "this act", referred to in this section, means Laws 1988, Chapter 12, which appears as 60-6A-18 and 60-6B-14 to 60-6B-16 NMSA 1978.
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