2019 New Mexico Statutes
Chapter 22 - Public Schools
Article 26A - Public School Lease Purchase Act
Section 22-26A-18 - Cumulative and complete authority.
The Public School Lease Purchase Act shall be deemed to provide an additional and alternative method for acquiring buildings and other real property authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as a derogation of any powers now existing. The Public School Lease Purchase Act shall be deemed to provide complete authority for acquiring buildings and other real property and entering into lease purchase arrangements contemplated thereby, and no other approval of any state agency or officer, except as provided therein, shall be required with respect to any lease purchase arrangements, and the governing body acting thereunder need not comply with the requirements of any other law applicable to the issuance of debt by school districts.
History: Laws 2007, ch. 173, § 18; 2015, ch. 106, § 10.
ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to provide that this act provides complete authority for acquiring buildings and other real property through lease purchase arrangements, and that the governing body of a charter school or school district need not comply with the requirements of any other law applicable to the issuance of debt; after "arrangements, and the", deleted "local school board" and added "governing body".
