Chapter 22, Article 25 NMSA 1978 may be cited as the "Public School Capital Improvements Act".
History: 1953 Comp., § 77-25-1, enacted by Laws 1975 (S.S.), ch. 5, § 1; 2007, ch. 366, § 12.
Cross references. — For public school finances generally, see 22-8-1 NMSA 1978 et seq.
For public school emergency capital outlays, see 22-24-1 NMSA 1978 et seq.
The 2007 amendment, effective July 1, 2007, changed the statutory reference to the act.
Revenues not to be used for teacher housing. — Revenues generated by school district general obligation bonds or pursuant to the Public School Capital Improvements Act may not be spent to construct teacher housing. 1981 Op. Att'y Gen. No. 81-01.
For article, "No Cake For Zuni: The Constitutionality of New Mexico's Public School Capital Finance System," see 37 N.M.L. Rev. 307 (2007).
Structure 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.