Section 6-15A-4 - Notice of proposed lease-purchase arrangements.

NM Stat § 6-15A-4 (2019) (N/A)
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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, § 4.