All property acquired from the proceeds of a bond issue shall be taken in the name of the board of education or the board of regents of the parent institution. In the event an independent public college entity evolves from the branch community college, the property so held by the board of education or the board of regents of the parent institution shall be transferred and conveyed to the governing body of the new independent public college entity. No transfer or conveyance shall take place without the express approval of the board of educational finance.
History: 1953 Comp., § 73-30-28, enacted by Laws 1965, ch. 162, § 3; 1970, ch. 72, § 3.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35.
14A C.J.S. Colleges and Universities §§ 14, 17.
Structure New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 14 - Branch Community Colleges
Section 21-14-1 - Branch community college educational program enrollment defined.
Section 21-14-1.1 - Elementary and secondary education curriculum and coursework.
Section 21-14-2 - Board duties; relationship with parent institution; elections.
Section 21-14-2.1 - Branch community college board; local option.
Section 21-14-2.2 - Limitations on branch community colleges.
Section 21-14-2.3 - Branch community college board; optional form.
Section 21-14-4 - Availability of school facilities; use of other facilities.
Section 21-14-5 - Financing of branch community colleges; tuition and fee waivers.
Section 21-14-9 - State support; appropriation.
Section 21-14-10 - Applicability of other laws.
Section 21-14-14 - Title to property acquired from proceeds of bond issue.