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2013 New Mexico Statutes
Chapter 22 - Public Schools
Article 26A - Public School Lease Purchase Act
Section 22-26A-19 - Lease purchase arrangements for charter schools. (2009)


NM Stat § 22-26A-19 (2013) What's This?

22-26A-19. Lease purchase arrangements for charter schools. (2009) 
A locally chartered or state-chartered charter school may enter into a lease purchase arrangement pursuant to the Public School Lease Purchase Act, provided that a governing body of a charter school shall not adopt a resolution pursuant to Subsection D of Section 22-26A-6 NMSA 1978 and shall not propose a tax or conduct an election pursuant to Sections 22-26A-8 through 22-26A-12 NMSA 1978, but nothing in this section prevents a charter school from receiving revenue from a tax proposed by the local school board for the district in which the charter school is located and approved by the voters.
History: Laws 2007, ch. 173, § 19; 2009, ch. 132, § 14.

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