New Mexico Statutes
Chapter 22 - Public Schools
Article 26A - Public School Lease Purchase Act

Section 22-26A-1 - Short title. - Chapter 22, Article 26A NMSA 1978 may be cited as...

Section 22-26A-2 - Purpose. - The purpose of the Public School Lease Purchase Act is...

Section 22-26A-3 - Definitions. - As used in the Public School Lease Purchase Act: A....

Section 22-26A-4 - Notice of proposed lease purchase arrangement; approval of department. - A. When a governing body determines, pursuant to Subsection B...

Section 22-26A-5 - Lease purchase arrangements; terms. - Lease purchase arrangements: A. may have payments payable annually or...

Section 22-26A-5.1 - Transfer or assignment of lease purchase arrangement; designation as public property. - A. A holder of a lease purchase arrangement, including any...

Section 22-26A-6 - Authorizing lease purchase arrangements; resolution. - A. If a governing body proposes to acquire a building...

Section 22-26A-7 - Payments under lease purchase arrangements. - A school district or charter school may apply any legally...

Section 22-26A-8 - Authorization for local school board to submit question of lease purchase tax. - A local school board may adopt a resolution to submit...

Section 22-26A-9 - Authorizing resolution; time limitation. - The resolution authorized under Section 8 [22-26A-8 NMSA 1978] of...

Section 22-26A-10 - Conduct of election; notice; ballot. - A. An election on the question of imposing a tax...

Section 22-26A-11 - Election results; certification. - The certification of the results of an election held on...

Section 22-26A-12 - Imposition of tax; limitations. - If as a result of an election held in accordance...

Section 22-26A-13 - Publication of notice; validation. - A. After adoption of a resolution approving a lease purchase...

Section 22-26A-14 - Refunding or refinancing lease purchase arrangements. - School districts and charter schools may enter into lease purchase...

Section 22-26A-15 - Agreement of the state. - The state does hereby pledge to and agree with the...

Section 22-26A-16 - Legal investments for public officers and fiduciaries. - Lease purchase arrangements entered into under the authority of the...

Section 22-26A-17 - Tax exemption. - The state covenants with the original holder and all subsequent...

Section 22-26A-18 - Cumulative and complete authority. - The Public School Lease Purchase Act shall be deemed to...

Section 22-26A-19 - Repealed. - History: Laws 2007, ch. 173, § 19; 2009, ch. 132,...

Section 22-26A-20 - Liberal interpretation. - The Public School Lease Purchase Act, being necessary for the...