There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 13 - Public Purchases and Property
Article 6 - Sale of Public Property
Section 13-6-2.1 - Sales, trades or leases; state board of finance approval. (2011)
NM Stat § 13-6-2.1 (2013) What's This?
13-6-2.1. Sales, trades or leases; state board of finance approval. (2011)
A. Except as provided in Section 13-6-3 NMSA 1978, for state agencies, any sale, trade or lease for a period of more than five years of real property belonging to a state agency, local public body or school district or any sale, trade or lease of such real property for a consideration of more than twenty-five thousand dollars ($25,000) shall not be valid unless it is approved prior to its effective date by the state board of finance.
B. The provisions of this section shall not be applicable to:
(1) those institutions specifically enumerated in Article 12, Section 11 of the constitution of New Mexico;
(2) the state land office;
(3) the state transportation commission;
(4) the economic development department when disposing of property acquired pursuant to the Statewide Economic Development Finance Act [6-25-1 NMSA 1978]; or
(5) a school district when leasing facilities to a locally chartered or state-chartered charter school.
History: 1978 Comp., § 13-6-2.1, enacted by Laws 1989, ch. 380, § 1; 2001, ch. 122, § 1; 2003, ch. 142, § 3; 2003, ch. 349, § 22; 2011, ch. 69, § 1.
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