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SB251 has been signed into law and will bring a new era to municipal redevelopment in New Mexico. These statutory changes bring New Mexico on par with other. SB251 has been signed into law and will bring a new era to municipal redevelopment in New Mexico. These statutory changes bring New Mexico on par with other states that use Tax Increment Financing to foster redevelopment-particularly in downtown and main street areas. Albuquerque is proud to have led this effort with Las Cruces and many other. Loading.. Change in Albuquerque, NM. SB251 has been signed into law! Follow the article below to read what MRA Director Terry Brunner has to say.