There is created a "public school capital improvements fund." Balances in the fund remaining at the end of a fiscal year shall not revert.
History: 1953 Comp., § 77-25-10, enacted by Laws 1975 (S.S.), ch. 5, § 10; 1976 (S.S.), ch. 31, § 3.
Structure 2021 New Mexico Statutes
Article 25 - Public School Capital Improvements
Section 22-25-1 - Short title.
Section 22-25-2 - Definitions.
Section 22-25-4 - Authorizing resolution; time limitation.
Section 22-25-5 - Conduct of election; notice; ballot.
Section 22-25-6 - Election results; canvass; certification.
Section 22-25-7 - Imposition of tax; limitation on expenditures.
Section 22-25-8 - Tax to be imposed for a maximum of six years.
Section 22-25-9 - State distribution to school district imposing tax under certain circumstances.
Section 22-25-10 - Public school capital improvements fund created.
Section 22-25-11 - Expenditures by charter schools; reports to department.