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Statutes > New Mexico Statutes > Chapter 22 - Public Schools. > Article 26A - Public School Lease Purchase Act, 22-26A-1 through 22-26A-20.

Article 26A - Public School Lease Purchase Act, 22-26A-1 through 22-26A-20.

  • Section 22-26A-1 - Short title.
  • Section 22-26A-2 - Purpose.
  • Section 22-26A-3 - Definitions.
  • Section 22-26A-4 - Notice of proposed lease purchase arrangement; approval of department.
  • Section 22-26A-5 - Lease purchase arrangements; terms.
  • Section 22-26A-5.1 - Transfer or assignment of lease purchase arrangement; designation as public property.
  • Section 22-26A-6 - Authorizing lease purchase arrangements; resolution.
  • Section 22-26A-7 - Payments under lease purchase arrangements.
  • Section 22-26A-8 - Authorization for local school board to submit question of lease purchase tax.
  • Section 22-26A-9 - Authorizing resolution; time limitation.
  • Section 22-26A-10 - Conduct of election; notice; ballot.
  • Section 22-26A-11 - Election results; certification.
  • Section 22-26A-12 - Imposition of tax; limitations.
  • Section 22-26A-13 - Publication of notice; validation.
  • Section 22-26A-14 - Refunding or refinancing lease purchase arrangements.
  • Section 22-26A-15 - Agreement of the state.
  • Section 22-26A-16 - Legal investments for public officers and fiduciaries.
  • Section 22-26A-17 - Tax exemption.
  • Section 22-26A-18 - Cumulative and complete authority.
  • Section 22-26A-19 - Lease purchase arrangements for charter schools.
  • Section 22-26A-20 - Liberal interpretation.




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