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.

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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