New Mexico Statutes 22-26A-9. Authorizing resolution; time limitation
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The resolution authorized under Section 8 [22-26A-8 N.M. Stat. Ann.] of the Public School Lease Purchase Act shall be adopted no later than May 15 in the year in which the tax is proposed to be imposed.
Terms Used In New Mexico Statutes 22-26A-9
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC