reglab/housing_qa huggingface dataset:
NM Stat § 22-19A-5 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-5 - Report to state board [department]; state board approval.

A. Prior to issuing bonds to finance a housing project, a local school board shall furnish to the state board [department] the following information: (1) a detailed description of the housing project; (2) an explanation of the necessity for the housing project; (3) an estimate of the total cost of the housing project; (4) an estimate of the net income from the housing project and other revenues that will be pledged to pay for the housing project; and (5) an estimate of the yearly operating cost of the housing project. B. A local school board shall obtain written approval of the state board [department] before it issues bonds to finance a housing project pursuant to the Teacher Housing Revenue Bond Act. C. Prior to giving written approval to a housing project, the state board [department] shall determine that the housing project is necessary and that estimated pledgeable revenue pledged to the bonds is sufficient to repay the bonds. History: Laws 2002, ch. 22, § 5. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2004, ch. 25, § 27, provided that all references to the superintendent of public instruction shall be deemed references to the secretary of public education and all references to the former state board of education or state department of education shall be deemed references to the public education department. See 9-24-15 NMSA 1978.
NM Stat § 22-19A-6 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-6 - Records; restriction on use of income.

A. A local school board shall retain complete and accurate records of: (1) the net income from the housing project; (2) receipt and amount of federal payments pledged to the repayment of the bonds; and (3) the operating costs of the housing project. B. Pledgeable revenue that is pledged to the repayment of bonds shall first be used to pay the principal, interest and service charges on the bonds issued pursuant to the Teacher Housing Revenue Bond Act and to fund a debt service reserve fund, if applicable. History: Laws 2002, ch. 22, § 6. ANNOTATIONS
NM Stat § 22-19A-7 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-7 - Bonds; pledge of income.

A. Bonds shall be payable solely from any or all pledgeable revenue, and the local school board shall irrevocably pledge that revenue to the prompt payment of the principal, interest and service charges on the bonds. The bonds shall be equally and ratably secured, without priority, by this pledge of pledgeable revenue. B. If the bonds are payable solely from the net income of the housing project being financed, the local school board shall operate the housing project so as to ensure a sufficient income to promptly pay the principal, interest and service charges as they become due on the bonds. C. The state pledges and agrees with the holders of bonds issued by a local school board and payable from pledgeable revenue that the state will not limit or alter the rights of the local school board to receive, collect and account for pledgeable revenue and to fulfill the terms of any agreement made with the bondholders or in any way impair the rights and remedies of the bondholders until the bonds, together with the interest on the bonds, with interest on any unpaid installments of interest and all costs and expenses in connection with any action or proceedings by or on behalf of those bondholders, are fully paid and discharged. History: Laws 2002, ch. 22, § 7; 2003, ch. 158, § 1. ANNOTATIONSThe 2003 amendment, effective April 4, 2003, added Subsection C.
NM Stat § 22-19A-8 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-8 - Proceeds of bond sales; retirement fund; reserve fund.

A. Proceeds from the sale of bonds shall be deposited into a separate account to be used solely for the specific purposes for which the bonds were issued, including a debt service reserve fund. All costs incident to issuing and selling the bonds may be paid out of the proceeds of the bonds. B. The local school board shall establish a "debt service fund" to be used solely for the payment of principal, interest and service charges on the bonds. Sufficient amounts from the pledged revenue shall be deposited in the debt service fund at least annually so that timely payments of principal, interest and service charges may be made. All proceeds remaining after completion of the housing project shall be deposited into the debt service fund. C. The local school board may establish a "debt service reserve fund" to be used to pay bond payments in case the pledged revenue is insufficient. History: Laws 2002, ch. 22, § 8. ANNOTATIONS
NM Stat § 22-19A-9 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-9 - Bonds; form; requirements.

All bonds issued pursuant to the Teacher Housing Revenue Bond Act shall: A. be fully negotiable within the provisions of the Uniform Commercial Code [Chapter 55 NMSA 1978]; B. have a duration of time not to exceed forty years from their date of issuance; C. have interest, appreciated principal value or any part thereof payable at intervals or at maturity as determined by the local school board; D. be sold at a price that does not result in a net effective interest rate in excess of twelve percent a year unless a higher rate of interest is approved by the state board of finance pursuant to the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978]; E. have a principal maturity schedule as determined by the local school board; and F. be sold at public or private sale at, above or below par. History: Laws 2002, ch. 22, § 9. ANNOTATIONS
NM Stat § 22-19A-10 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-10 - Refunding bonds.

A. A local school board may issue refunding bonds to refund outstanding bonds. B. Except as otherwise provided in the Teacher Housing Revenue Bond Act, refunding bonds shall conform to the provisions of that act that provide for the issuance of teacher housing revenue bonds by a local school board. C. A refunding bond issued by a local school board may have the same security or source of payment as was pledged for the payment of the bond being refunded, but no source of payment shall be pledged that is not authorized by the Teacher Housing Revenue Bond Act. D. A refunding bond may be delivered in exchange for a bond authorized to be refunded, sold at a public or private sale or sold in part and exchanged in part as provided in the Supplemental Public Securities Act [6-14-8 to 6-14-11 NMSA 1978]. If the refunding bond is sold, the proceeds shall be immediately applied to the retirement of the bond to be refunded or the proceeds shall be placed in trust to be held and applied to payment of the bonds to be refunded. History: Laws 2002, ch. 22, § 10. ANNOTATIONS
NM Stat § 22-19A-11 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-11 - Refunding bonds; issuance; sale; proceeds.

A. A bond shall not be refunded unless it matures or is callable for prior redemption under its terms within fifteen years from the date of issuance of the refunding bond or unless the holder of the bond voluntarily surrenders it for exchange or payment. B. Outstanding bonds of more than one issue may be refunded by refunding bonds of one or more issue. Bonds and refunding bonds may be issued separately or in combinations of one or more series. C. When a refunding bond is sold, the net proceeds may, in the discretion of the local school board, be invested in obligations of the federal government or an agency of the federal government or in obligations fully guaranteed by the federal government, but the obligations purchased shall have a maturity and bear a rate of interest payable at times to ensure the existence of sufficient money to pay the bond to be refunded when it becomes due or redeemable pursuant to a call for redemption, together with interest and redemption premiums, if any. D. All obligations purchased with the net proceeds from refunding bonds shall be deposited in trust with a bank that has trust powers and that is a member of the federal deposit insurance corporation. The obligations shall be held, liquidated and the proceeds of the liquidation paid out for payment of the principal, interest and redemption premium of the bonds to be refunded as the bonds to be refunded become due or where the bonds are subject to redemption under a call for redemption previously made or where there is a voluntary surrender with the approval of the local school board. E. The determination of the local school board issuing refunding bonds that the issuance has been in compliance with the Teacher Housing Revenue Bond Act is conclusively presumed correct in the absence of fraud or arbitrary and gross abuse of discretion. F. As used in this section, "net proceeds" means the gross proceeds of the refunding bonds after deducting all accrued interest and expenses incurred in connection with the authorization and issuance of the refunding bonds and the refunding of outstanding bonds, including fiscal agent fees, commissions and all discounts incurred in the resale of the refunding bonds to the original purchaser. History: Laws 2002, ch. 22, § 11. ANNOTATIONS
NM Stat § 22-19A-12 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19A - Teacher Housing Revenue Bond|Section 22-19A-12 - Tax exemption; no charge against state.

Bonds are exempt from taxation by the state or any of its political subdivisions. No obligation created pursuant to the Teacher Housing Revenue Bond Act shall be a charge against or a debt of the state or any of its political subdivisions. History: Laws 2002, ch. 22, § 12. ANNOTATIONS
NM Stat § 22-19B-1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-1 - Short title.

This act [22-19B-1 to 22-19B-9 NMSA 1978] may be cited as the "School District Bond Anticipation Notes Act". History: Laws 2002, ch. 54, § 1. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-2 - Purpose.

The purpose of the School District Bond Anticipation Notes Act is to provide a mechanism for school districts to obtain short-term financing for capital projects that are needed by the school district to meet the educational needs of students in the school district and to promote the health, safety, security and general welfare of the students in the school district. History: Laws 2002, ch. 54, § 2. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-3 - Definitions.

As used in the School District Bond Anticipation Notes Act: A. "bond anticipation note" means a security evidencing an obligation of the school district that precedes the issuance of general obligation bonds; and B. "general obligation bond" means indebtedness issued by a school district that constitutes a debt for the purpose of Article 9, Section 11 of the constitution of New Mexico. History: Laws 2002, ch. 54, § 3. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-4 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-4 - Issuance of bond anticipation notes.

A. A school district may issue bond anticipation notes for any purpose for which general obligation bonds are authorized to be issued. B. The principal amount of bond anticipation notes shall be payable solely from the proceeds of the general obligation bonds for which the bond anticipation notes are issued and shall not be considered debt of the school district for purposes of Article 9, Section 11 of the constitution of New Mexico. History: Laws 2002, ch. 54, § 4. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-5 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-5 - Bond anticipation note details.

A. Bond anticipation notes shall be authorized by resolution of the local school board and may be issued in such denominations as determined by the local school board. B. Bond anticipation notes shall mature no later than one year from the date of issuance. The local school board shall covenant in the resolution authorizing the issuance of the bond anticipation notes to issue general obligation bonds in an amount necessary to retire the bond anticipation notes. C. The annual interest rate and yield on the bond anticipation notes shall be stated in the resolution that authorizes the issuance of the bond anticipation notes; provided that the maximum net effective interest rate on bond anticipation notes shall not exceed ten percent a year. D. Bond anticipation notes may be sold at, above or below par at a public sale, in a negotiated sale or to the New Mexico finance authority. History: Laws 2002, ch. 54, § 5. ANNOTATIONSCross references. — For the New Mexico finance authority, see 6-21-4 NMSA 1978. Emergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-6 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-6 - Limitations on issuance of bond anticipation notes.

Bond anticipation notes shall not be issued: A. unless the general obligation bonds for which bond anticipation notes are contemplated have been authorized at an election as required by Article 9, Section 11 of the constitution of New Mexico; B. in a principal amount in excess of the amount of the general obligation bonds authorized to be issued at an election or, if some portion of the bonds authorized at that election have been issued, in a principal amount in excess of the amount of the authorized but unissued general obligation bonds; C. in a principal amount in excess of the amount of outstanding general obligation bonds of the school district maturing within one year of the date of issuance of the bond anticipation notes; and D. unless the proceeds of the bond anticipation notes are to be used for the same purpose for which the general obligation bonds are authorized. History: Laws 2002, ch. 54, § 6. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-7 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-7 - Publication of notice; validation; limitation of action.

After adoption of a resolution authorizing issuance of bond anticipation notes, the local school board shall publish notice of the adoption of the resolution once in a newspaper of general circulation in the school district. After thirty days from the date of publication, any action attacking the validity of the proceedings had or taken by the local school board preliminary to and in the authorization and issuance of the bond anticipation notes described in the notice is perpetually barred. History: Laws 2002, ch. 54, § 7. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-8 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-8 - Cumulative and complete authority.

The School District Bond Anticipation Notes Act is an additional and alternative method for obtaining funding for capital projects by a school district and constitutes full authority for the exercise of powers granted to a local school board by that act. Powers conferred by the School District Bond Anticipation Notes Act are supplemental and additional to powers conferred by other laws of the state, without reference to such other laws of the state. History: Laws 2002, ch. 54, § 8. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002.
NM Stat § 22-19B-9 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 19B - School District Bond Anticipation Notes|Section 22-19B-9 - Liberal interpretation.

The School District Bond Anticipation Notes Act shall be liberally construed to effect the purposes of the act. History: Laws 2002, ch. 54, § 9. ANNOTATIONSEmergency clauses. — Laws 2002, ch. 54, § 11 contained an emergency clause and was approved March 4, 2002. Severability. — Laws 2002, ch. 54, § 10 provided for the severability of the act if any part or application thereof is held invalid.
NM Stat § 22-20-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 20 - School Construction|Section 22-20-2 - School building construction; distance from highways.

A. No local school board or governing body of a charter school shall construct or cause the construction of any public school building within four hundred feet of any main artery of travel without the prior written approval of the department. B. The district court may enforce the provisions of this section by any appropriate civil remedy in an action brought by an interested party. C. As used in this section, "main artery of travel" means any designated state or federal-aid highway used primarily to accommodate transient motor traffic through a municipality and any type of public highway used primarily to accommodate transient motor traffic through a rural community or area. History: 1953 Comp., § 77-18-2, enacted by Laws 1967, ch. 16, § 271; 2006, ch. 94, § 55. ANNOTATIONSCross references. — For transfer of powers and duties of former state board of education, see 9-24-15 NMSA 1978. The 2006 amendment, effective July 1, 2007, added the governing body of a charter school and changes "state board" to "department" in Subsection A.
NM Stat § 22-20-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 20 - School Construction|Section 22-20-3 - Repealed.

ANNOTATIONSRepeals. — Laws 2003, ch. 147, § 14 repealed 22-20-3 NMSA 1978, as enacted by Laws 1967, ch. 16, § 272, relating to state board approval for school construction, effective July 1, 2003. For provisions of former section, see the 2002 NMSA 1978 on NMOneSource.com.
NM Stat § 22-20-4 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 20 - School Construction|Section 22-20-4 - Applicability.

The provisions of Chapter 22, Article 20 NMSA 1978 do not apply to public school capital outlay projects subject to the oversight of the public school capital outlay council pursuant to the Public School Capital Outlay Act [Chapter 22, Article 24 NMSA 1978]. History: 1978 Comp., § 22-20-4, enacted by Laws 2001, ch. 338, § 4.
NM Stat § 22-21-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 21 - Prohibited Sales by Personnel|Section 22-21-2 - Prohibition on the sale or use of student, faculty and staff lists in direct marketing; remedies.

A. No person shall sell or use student, faculty or staff lists with personal identifying information obtained from a public school or a local school district for the purpose of marketing goods or services directly to students, faculty or staff or their families by means of telephone or mail. The provisions of this section shall not apply: (1) to legitimate educational purposes, which shall be determined by rules and regulations developed by the department of education [public education department]; or (2) when a parent of a student authorizes the release of the student's personal identifying information in writing to the public school or local school district. For the purposes of this subsection, "personal identifying information" means the names, addresses, telephone numbers, social security numbers and other similar identifying information about students maintained by a public school or local school district. B. Any person receiving a solicitation may bring an action against any person who violates Subsection A of this section. C. If a person is found to have violated Subsection A of this section in an action brought under Subsection B of this section, then the person shall be required to pay actual damages or the sum of five hundred dollars ($500), whichever is greater, and reasonable attorneys' fees to the person receiving the solicitation. History: Laws 1993, ch. 166, § 1; 1978 Comp., § 22-1-8, recompiled as § 22-21-2 by Laws 2003, ch. 153, § 72. ANNOTATIONSBracketed material. — The bracketed material was added by the compiler and is not part of the law. Laws 2004, ch. 25, § 27, provided that all references to the superintendent of public instruction shall be deemed references to the secretary of public education and all references to the former state board of education or state department of education shall be deemed references to the public education department. See 9-24-15 NMSA 1978.
NM Stat § 22-22-1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 22 - Variable School Calendars|Section 22-22-1 - Short title.

This act [22-22-1 to 22-22-6 NMSA 1978] may be cited as the "Variable School Calendar Act". History: 1953 Comp., § 77-22-1, enacted by Laws 1972, ch. 16, § 1.
NM Stat § 22-22-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 22 - Variable School Calendars|Section 22-22-2 - Definition.

As used in the Variable School Calendar Act, "variable school calendar" means a calendar for school or school district operations extending over a ten, eleven or twelve-month period or portions thereof in excess of nine months, which permits pupil attendance on a staggered schedule. History: 1953 Comp., § 77-22-2, enacted by Laws 1972, ch. 16, § 2.
NM Stat § 22-22-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 22 - Variable School Calendars|Section 22-22-3 - Purpose of act.

The purpose of the Variable School Calendar Act is to create an opportunity for public schools or school districts to operate beyond a nine-month period in any one calendar year in order to achieve optimum and maximum use of school facilities and personnel. History: 1953 Comp., § 77-22-3, enacted by Laws 1972, ch. 16, § 3.