All property acquired using the proceeds of a bond issue and all property acquired by gift, devolution or bequest shall be taken in the name of the local school board in the district in which the property is situate. All property held by the local school board pursuant to this section shall be used solely for the purpose of carrying out the provisions of the Off-Campus Instruction Act until such time as the off-campus instruction program ceases to exist. At such time, the property so held by the local school board may be used for other purposes within the scope of authority of the local school board. No real property may be acquired pursuant to this section after July 1, 1998.
History: Laws 1993, ch. 344, § 1; 1998, ch. 61, § 8.
The 1998 amendment, effective March 9, 1998, substituted "used" for "utilized" near the middle of the third sentence and added the last sentence.
Structure New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 14A - Off-Campus Instruction
Section 21-14A-1 - Short title.
Section 21-14A-2 - Definitions.
Section 21-14A-3 - Establishment authorized; board; determination of need; agreements.
Section 21-14A-3.1 - Elementary and secondary education curriculum and coursework.
Section 21-14A-4 - Approval of local school board required.
Section 21-14A-5 - Availability of school facilities; use of other facilities.
Section 21-14A-5.1 - Title to property acquired.
Section 21-14A-5.2 - Property ownership prohibited.
Section 21-14A-6 - Financing of off-campus instruction programs.
Section 21-14A-8 - State support; appropriation.
Section 21-14A-9 - State support; continuation; restriction.