2020 New Mexico Statutes
Chapter 22 - Public Schools
Article 18 - General Obligation Bonds of School Districts
Section 22-18-8 - Restriction on bond elections.
In the event a majority of those persons voting on a question submitted to the voters in a bond election votes against creating a debt by issuing general obligation bonds, no bond election shall be held on the same question for a period of two years from the date of the bond election.
History: 1953 Comp., § 77-15-8, enacted by Laws 1967, ch. 16, § 235; 2018, ch. 79, § 93.
ANNOTATIONSThe 2018 amendment, effective July 1, 2018, removed an exception to the provision prohibiting a bond election within two years of a bond election in which a majority of voters voted against creating a debt by issuing general obligation bonds; and after "the date of the bond election", deleted the remainder of the subsection, which related to the presentation of a petition calling for a bond election.
Bond elections on the "same question". — Alamogordo school district's proposed February, 1989 bond question, which differed materially in amount of bonded indebtedness and in purpose, was not the "same question" that the voters defeated in May, 1987, and therefore did not violate this section. 1988 Op. Att'y Gen. No. 88-53.
