As used in the Qualified School Construction Bonds Act:

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

A. “allocation” means New Mexico’s allocation of the national qualified school construction bond limitation pursuant to Section 1521 of the federal American Recovery and Reinvestment Act of 2009;

B. “council” means the public school capital outlay council;

C. “qualified school construction bond” means a bond issued by the state or a school district that meets all of the requirements of Section 22-18C-3 N.M. Stat. Ann. and the requirements for a qualified school construction bond pursuant to Section 1521 of the federal American Recovery and Reinvestment Act of 2009; and

D. “qualifying school” means a public school, a New Mexico state educational institution providing education or training below the post-secondary level or a program within such a public school or educational institution and which school, institution or

program meets the requirements of Section 1521 of the federal American Recovery and Reinvestment Act of 2009.