A. The state board of finance shall execute a lease-purchase contract with the county for purchase of additional voting systems and the necessary support equipment upon receipt of the application of the board of county commissioners pursuant to Section 1-9-7 N.M. Stat. Ann..

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Terms Used In New Mexico Statutes 1-9-17

  • Contract: A legal written agreement that becomes binding when signed.

B. The lease-purchase contract shall include, but not be limited to, the following terms: (1)     the county agrees to purchase from the state board of finance the specified number of voting systems and the necessary support equipment;

(2)     the county will pay for the cost of the systems and support equipment, including reimbursement for costs of transportation;

(3)     the term of the lease-purchase contract shall not exceed ten years;

(4)     the care, custody and proper storage of the systems and support equipment pursuant to specifications issued by the secretary of state is the responsibility of the county clerk; and

(5)     upon good cause shown, the terms of the lease-purchase contract may, at any time, be renegotiated.

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