N.M. Code R. § 20.11.4.163
B. The state or tribe may approve emissions reductions in other years provided:
(1) The reductions are greater than the emission increases by the following ratios:
(a) extreme nonattainment areas: 1.5:1
(b) severe nonattainment areas: 1.3:1
(c) serious nonattainment areas: 1.2:1
(d) moderate nonattainment areas: 1.15:1
(e) all other areas: 1.1:1.
(2) The time period for completing the emissions reductions must not exceed twice the period of the emissions.
(3) The offset or mitigation measure with emissions reductions in another year will not:
(a) cause or contribute to a new violation of any air quality standard,
(b) increase the frequency or severity of any existing violation of any air quality standard; or
(c) delay the timely attainment of any standard or any interim emissions reductions or other milestones in any area.
[20.11.4.163 NMAC - N, 3/14/11]