§ 6-15A-1 Short title
§ 6-15A-2 Purpose
§ 6-15A-3 Definitions
§ 6-15A-4 Notice of proposed lease-purchase arrangements
§ 6-15A-5 School budget planning unit of the state department of public education to furnish information, transcripts of proceedings and disposition
§ 6-15A-6 Tax levy for payment of lease-purchase agreement
§ 6-15A-7 Lease-purchase arrangements; terms
§ 6-15A-8 Authorizing lease-purchase of education technology equipment; preliminary resolution; contents; notice; final resolution of approval
§ 6-15A-9 Publication of notice; validation; limitation of action
§ 6-15A-10 Refunding or refinancing lease-purchase arrangements
§ 6-15A-11 Agreement of the state
§ 6-15A-12 Legal investments for public officers and fiduciaries
§ 6-15A-13 Tax exemption
§ 6-15A-14 Cumulative and complete authority
§ 6-15A-15 Liberal interpretation
§ 6-15A-16 Severability
§ 6-15A-17 Charter schools; receipt of education technology equipment
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Terms Used In New Mexico Statutes > Chapter 6 > Article 15A - Education Technology Equipment

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.