N.M. Admin. Code § 18.21.4.13
Rental fees are based on a continuous twelve (12) month year commencing on April 1 and ending on March 31. The first year's rental fee may be prorated on a monthly basis, but subsequent annual rental fees shall be for the entire twelve (12) month period even if the TODS business is seasonal. The advertiser shall be notified when the motorist information panel is erected and the TODS installed and the rental fee is then due. Rental fees shall be reviewed periodically to determine their relationship to the cost of operation of this program. Rental fees not received within thirty (30) days of notification to the applicant by the Department shall subject applicants permit to revocation and removal of its sign without any previously paid fees being refunded. The fees are:
N.M. Admin. Code § 18.21.4.13