N.M. Code R. § 18.21.4.14
B. If an application is approved and a contract has been awarded for the erection of the sign, no part of the fees shall be refunded. If the business sign is subsequently removed by a taking of eminent domain of the business being advertised, a proportional refund of the pre-paid rental fee may be made. However, in case of any removal, the rental fee for any months or major portion (16 days or more) of a month remaining to the pre-paid rental of the business sign may be refunded. There shall be no refund of rental fees for any business sign temporarily or covered.
[12/31/98; 18.21.4.14 NMAC – Rn, 18 NMAC 21.4.14, Recompiled 11/16/01]