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2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 15A - Education Technology Equipment
Section 6-15A-4 - Notice of proposed lease-purchase arrangements.
Universal Citation: NM Stat § 6-15A-4 (2019)
When a school district contemplates entering into a lease-purchase arrangement payable in whole or in part from ad valorem taxes, the local school board, before initiating any proceedings for approval of such lease-purchase arrangement, shall forward to the school budget planning unit of the state department of public education, a written notice of the proposed lease-purchase arrangement.
History: Laws 1997, ch. 193, ยง 4.
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