reglab/housing_qa huggingface dataset:
NM Stat § 6-15A-10 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-10 - Refunding or refinancing lease-purchase arrangements.

School districts are authorized to enter into lease-purchase arrangements for the purpose of refunding or refinancing any lease-purchase arrangements then outstanding, including the payment of any prepayment of redemption premiums thereon and any interest accrued or to accrue to the date of purchase, prepayment, redemption or maturity of the outstanding lease-purchase arrangements. Until the proceeds of the lease-purchase arrangements issued for the purpose of refunding or refinancing outstanding lease-purchase arrangements are applied to the purchase, prepayment, redemption or retirement of the outstanding lease-purchase arrangements, the proceeds may be placed in escrow and invested and reinvested. The interest, income and profits, if any, earned or realized on any such investment may, in the discretion of the local school board, also be applied to the payment of the outstanding lease-purchase arrangements to be refunded or refinanced by purchase, prepayment, redemption or retirement, as the case may be. After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, if any, earned or realized on the investments thereof may be returned to the local school board to be used for payment of the refunding or refinancing lease-purchase arrangement. All such refunding or refinancing lease-purchase arrangement [arrangements] shall be entered into under, secured and subject to the provisions of the Education Technology Equipment Act in the same manner and to the same extent as any other lease-purchase arrangements entered into pursuant to that act. History: Laws 1997, ch. 193, § 10. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 6-15A-11 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-11 - Agreement of the state.

The state does hereby pledge to and agree with the holders of any lease-purchase arrangement entered into under the Education Technology Equipment Act that the state will not limit or alter the rights hereby vested in school districts to fulfill the terms of any lease-purchase arrangement or in any way impair the rights and remedies of the holders of lease-purchase arrangements until the payments due thereon, and all costs and expenses in connection with any action or proceedings by or on behalf of those holders, are fully met and discharged. School districts are authorized to include this pledge and agreement of the state in any lease-purchase arrangement. History: Laws 1997, ch. 193, § 11.
NM Stat § 6-15A-12 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-12 - Legal investments for public officers and fiduciaries.

Lease-purchase arrangements entered into under the authority of the Education Technology Equipment Act shall be legal investments in which all insurance companies, banks and savings and loan associations organized under the laws of the state, public officers and public bodies and all administrators, guardians, executors, trustees and other fiduciaries may properly and legally invest funds. History: Laws 1997, ch. 193, § 12.
NM Stat § 6-15A-13 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-13 - Tax exemption.

The state covenants with the purchasers and all subsequent holders and transferees of lease-purchase arrangements entered into by the local school boards, in consideration of the acceptance of and payment for the lease-purchase arrangements entered into pursuant to [the Education] Technology Equipment Act , that lease-purchase arrangements and the income from the lease-purchase arrangements shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers. History: Laws 1997, ch. 193, § 13. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not a part of the law.
NM Stat § 6-15A-14 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-14 - Cumulative and complete authority.

The Education Technology Equipment Act shall be deemed to provide an additional and alternative method for acquiring education technology equipment and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as a derogation of any powers now existing. The Education Technology Equipment Act shall be deemed to provide complete authority for acquiring education technology equipment and entering into lease-purchase arrangements. No other approval of any state agency or officer, except as provided in that act, shall be required with respect to any lease-purchase arrangements, and the local school board acting pursuant to provisions of that act need not comply with the requirements of any other law applicable to the issuance of debt by school districts; provided, however, that a local school board may submit to a vote of qualified electors of the school district the question of creating debt by entering into a lease-purchase arrangement; and provided further that the local school board shall abide by the vote of the majority of those persons voting on the question. History: Laws 1997, ch. 193, § 14; 2015, ch. 68, § 4. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, authorized local school boards to submit to a vote of qualified electors of the school district the question of creating debt by entering into a lease-purchase arrangement and required the local school board to abide by the vote of the majority of those persons voting on the question; after "acquiring education technology equipment", deleted "authorized thereby", after "now existing. The", added "Education Technology Equipment", after the first occurrence of "lease-purchase arrangements", deleted "contemplated thereby and", after "except as provided", deleted "therein" and added "in that act", after "local school board acting", deleted "thereunder" and added "pursuant to provisions of that act", and after "debt by school districts", added the remainder of the section.
NM Stat § 6-15A-15 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-15 - Liberal interpretation.

The Education Technology Equipment Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to the effect of the purposes of the act. History: Laws 1997, ch. 193, § 15.
NM Stat § 6-15A-16 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-16 - Severability.

If any part or application of the Education Technology Equipment Act is held invalid, the remainder or its application to other circumstances shall not be affected. History: Laws 1997, ch. 193, § 16.
NM Stat § 6-15A-17 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 15A - Education Technology Equipment|Section 6-15A-17 - Charter schools; receipt of education technology equipment.

On or after July 1, 2015, a school district that assumes a debt through a lease-purchase arrangement under the provisions of the Education Technology Equipment Act shall provide, to each eligible charter school in the school district, education technology equipment equal in value to an amount based upon the net proceeds from the debt after payment of the cost of issuing the debt through a lease-purchase arrangement prorated by the number of students enrolled in the school district and in eligible charter schools as reported on the first reporting date of the prior school year; provided that, in the case of an approved eligible charter school that had not commenced classroom instruction in the prior school year, the estimated full-time-equivalent enrollment in the first year of instruction, as shown in the approved charter school application, shall be used to determine the amount, subject to adjustment after the first reporting date. History: Laws 2015, ch. 68, § 3. ANNOTATIONSEffective dates. — Laws 2015, ch. 68, § 5 made Laws 2015, ch. 68, § 3 effective July 1, 2015.
NM Stat § 6-16-1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 16 - Public Securities Validation|Section 6-16-1 - Short title.

This act [6-16-1 to 6-16-5 NMSA 1978] may be cited as the "2005 Public Securities Validation Act". History: Laws 2005, ch. 266, § 1. ANNOTATIONSCompiler's notes. — Similar validation acts have been enacted on a periodic basis. See Laws 1961, ch. 174; Laws 1965, ch. 15; Laws 1973, ch. 152; Laws 1975, ch. 37; Laws 1977, ch. 125; Laws 1980, ch. 80; Laws 1981, ch. 68; Laws 1983, ch. 43; Laws 1984, ch. 28; Laws 1986, ch. 70; Laws 1987, ch. 83; Laws 1987, ch. 186; Laws 1988, ch. 85, § 1. Effective dates. — Laws 2005, ch. 266, § 6 made the act effective April 6, 2005. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 318 to 327. 20 C.J.S. Counties § 222; 64 C.J.S. Municipal Corporations § 1696; 79 C.J.S. Schools and School Districts § 372; 81A C.J.S. States § 255; 87 C.J.S. Towns §§ 226 to 228.
NM Stat § 6-16-2 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 16 - Public Securities Validation|Section 6-16-2 - Definitions.

As used in the 2005 Public Securities Validation Act: A. "public body" of the state means any state educational institution or other state institution, its board of regents or other governing body thereof constituting a body corporate, any county, city, town, village, school district, irrigation district, drainage district, conservancy district, sanitation district, water district, commission, authority or other political subdivision of the state constituting a body corporate; B. "public security" means a bond, note certificate of indebtedness or other obligation for the payment of money, issued by this state or by any public body thereof; and C. "state" means the state of New Mexico and any board, commission, department, corporation, instrumentality or agency thereof. History: Laws 1988, ch. 85, § 2; 2005, ch. 266, § 2. ANNOTATIONSCompiler's notes. — For citations to similar previous validation acts, see compiler's notes following 6-16-1 NMSA 1978. Effective dates. — Laws 2005, ch. 266, § 6 made the act effective April 6, 2005.
NM Stat § 6-16-3 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 16 - Public Securities Validation|Section 6-16-3 - Validation.

All outstanding public securities of the state and of all public bodies thereof, and all acts and proceedings heretofore had or taken, or purportedly had or taken, by or on behalf of the state or any public body thereof under law or color of law preliminary to and in the authorization, execution, sale, issuance and payment, or any combination thereof, of all such public securities are hereby validated, ratified, approved and confirmed, including but not necessarily limited to, the terms, provisions, conditions and covenants of any resolution or ordinance appertaining thereto, the redemption or refunding of public securities before maturity and provisions therefor, including defeasance and discharge of liens arising from or existing by virtue of public securities redeemed or refunded, the levy and collection of rates, tolls and charges, special assessments, and general and other taxes, and the acquisition and application of other revenues, the pledge and use of the proceeds thereof, and the establishment of liens thereon and funds therefore, appertaining to such public securities, except as hereinafter provided, notwithstanding any lack of power, authority or otherwise, and notwithstanding any defects and irregularities in such public securities, acts and proceedings, and in such authorization, execution, sale, issuance and payment, including, without limiting the generality of the foregoing, such acts and proceedings appertaining to such public securities all or any part of which have heretofore not been issued nor purportedly issued. Such outstanding public securities are and shall be, and such public securities heretofore not issued nor purportedly issued shall be, after their issuance, binding, legal, valid and enforceable obligations of the state or the public body issuing them in accordance with their terms and their authorizing proceedings, subject to the taking or adoption of acts and proceedings heretofore not had nor taken, nor purportedly had nor taken, but required by and in substantial and due compliance with laws appertaining to any such public securities heretofore not issued nor purportedly issued. History: Laws 1988, ch. 85, § 3; 2005, ch. 266, § 3. ANNOTATIONSCompiler's notes. — For citations to similar previous validation acts, see compiler's notes following 6-16-1 NMSA 1978. Effective dates. — Laws 2005, ch. 266, § 6 made the act effective April 6, 2005.
NM Stat § 6-16-4 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 16 - Public Securities Validation|Section 6-16-4 - Effect and limitations.

The 2005 Public Securities Validation Act shall operate to supply such legislative authority as may be necessary to validate any public securities heretofore issued and any such acts and proceedings heretofore taken that the legislature could have supplied or provided for or can now supply or provide for in the law under which such public securities were issued and such acts or proceedings were taken. The 2005 Public Securities Validation Act, however, shall be limited to the validation of public securities, acts and proceedings to the extent to which the same can be effectuated under the state and federal constitutions. History: Laws 1988, ch. 85, § 4; 2005, ch. 266, § 4. ANNOTATIONSCompiler's notes. — For citations to similar previous validation acts, see compiler's notes following 6-16-1 NMSA 1978. Effective dates. — Laws 2005, ch. 266, § 6 made the act effective April 6, 2005.
NM Stat § 6-16-5 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 16 - Public Securities Validation|Section 6-16-5 - Construction.

This act [6-16-1 to 6-16-5 NMSA 1978] being necessary to secure the public health, safety, convenience and welfare, it shall be liberally construed to effect its purposes. History: Laws 1988, ch. 85, § 5; 2005, ch. 266, § 5. ANNOTATIONSCompiler's notes. — For citations to similar previous validation acts, see compiler's notes following 6-16-1 NMSA 1978. Effective dates. — Laws 2005, ch. 266, § 6 made the act effective April 6, 2005.
NM Stat § 6-17-1.1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 17 - Finances of State Educational Institutions|Section 6-17-1.1 - Definitions.

As used in Chapter 6, Article 17 NMSA 1978, "state educational institution" means the following: A. the university of New Mexico; B. the New Mexico state university; C. the New Mexico highlands university; D. the western New Mexico university; E. the eastern New Mexico university; F. the New Mexico institute of mining and technology; G. the northern New Mexico state school; H. the New Mexico military institute; I. the New Mexico school for the deaf; J. the New Mexico school for the visually handicapped; K. the San Juan college; L. the New Mexico junior college; M. the Santa Fe community college; and N. any post-secondary technical, vocational and area vocational institutes as defined in Sections 21-16-2 and 21-17-2 [repealed] NMSA 1978. History: 1978 Comp., § 6-17-1.1, enacted by Laws 1989, ch. 182, § 1. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Section 21-17-2 NMSA 1978 was repealed by Laws 1999, ch. 219, § 21, effective July 1, 1999. Eleventh Amendment immunity for New Mexico junior college. — New Mexico junior college is not an arm of the state and is not entitled to Eleventh Amendment immunity. Leach v. N.M. Junior Coll., 2002-NMCA-039, 132 N.M. 106, 45 P.3d 46.
NM Stat § 6-17-2 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 17 - Finances of State Educational Institutions|Section 6-17-2 - Resolution for issuance of bonds for income-producing projects.

Whenever a county, independent rural, union high or municipal board of education or the board of regents of any state educational institution by the affirmative vote of a majority of its members, duly entered in the official minutes of such board, shall by resolution determine that it is necessary to purchase, erect, alter, improve, repair, furnish and/or equip any such income-producing building, improvement or facility or any group of buildings, improvements or facilities and that the same will produce sufficient income to repay all moneys so borrowed and pay off and discharge any and all bonds or other evidences of indebtedness to be issued for the repayment of such money, and the amount required to be borrowed therefor, and upon approval in writing of the board of finance of the state of New Mexico in the case of boards of regents of educational institutions, or the state board of education in the case of county, independent rural, union high and municipal boards of education, such boards of regents or boards of education may proceed to borrow such money and purchase or erect such building or buildings, improvement or improvements and facility or facilities, and make any such alteration, improvement, repair and furnish and equip same under the authority of this act [6-17-1 to 6-17-13 NMSA 1978, except 6-17-1.1 NMSA 1978]. History: Laws 1939, ch. 177, § 2; 1941 Comp., § 55-2702; Laws 1947, ch. 143, § 2; 1949, ch. 98, § 2; 1953 Comp., § 73-29-2. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Section 6-17-1.1 NMSA 1978 is apparently not encompassed within "this act", since Laws 1989, ch. 182, § 1 enacted that section separately.
NM Stat § 6-17-4 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 17 - Finances of State Educational Institutions|Section 6-17-4 - Determination of charges relating to income-producing projects.

Such board of regents shall be required to make such charges, including the imposition of student fees as above provided, for the use or availability of said building, improvement or facility purchased or erected hereunder and the furnishing of the services for which same is purchased or erected and used as will return annually a sufficient amount to pay the annual requirements for repayment of principal and interest on such bonds or other evidence or [of] indebtedness; and in addition thereto may make additional charges, including the imposition of student fees as above provided, for the use or availability of said building, improvement or facility and services to return a sufficient amount to pay all necessary costs and expenses of maintenance, upkeep and any required repairs thereto and all necessary costs and expenses of furnishing all services in connection therewith, and sufficient to create such reserves for the payment of principal and interest and for contingencies as may be provided in the proceedings authorizing such obligations; but said board of regents shall make no further or additional charges for the use or availability of said building, improvement or facility and the furnishing of the services for which the same is erected or purchased and used, to the members of the student body, faculty, instructors and other employees of such institution. History: Laws 1939, ch. 177, § 4; 1941 Comp., § 55-2704 (1); Laws 1947, ch. 143, § 4; 1949, ch. 92, § 2; 1953 Comp., § 73-29-4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — Laws 1939, ch. 177, § 4, as amended, was originally codified as one section. However, after non-identical amendments by Laws 1949, ch. 92, § 2 and Laws 1949, ch. 98, § 4, the section was set out twice, as this section, with the ch. 92 amendments, and 6-17-5 NMSA 1978, with the ch. 98 amendments.
NM Stat § 6-17-5 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 17 - Finances of State Educational Institutions|Section 6-17-5 - Determination of charges relating to income-producing projects.

Such county, independent rural, union high and municipal board of education or board of regents shall be required to make such charges for the use of said building, improvement or facility purchased or erected hereunder and the furnishing of the services for which same is purchased or erected and used as will return annually a sufficient amount to pay the annual requirement for repayment of principal and interest on such bonds or other evidence of indebtedness; and in addition thereto may make additional charges for the use of said building, improvement or facility and services to return a sufficient amount to pay all necessary costs and expenses of maintenance, upkeep and any required repairs thereto and all necessary costs and expenses of furnishing all services in connection therewith, and sufficient to create a reserve fund not exceeding $10,000.00 to be used for repayment of said indebtedness; but said county, independent rural, union high and municipal board of education or board of regents shall make no further or additional charges for the use of said building, improvement or facility and the furnishing of the services for which the same is erected or purchased and used, to the members of the student body, faculty, instructors and other employees of such institution. History: Laws 1939, ch. 177, § 4; 1941 Comp., § 55-2704 (2); Laws 1947, ch. 143, § 4; 1949, ch. 98, § 4; 1953 Comp., § 73-29-5. ANNOTATIONSCompiler's notes. — Laws 1939, ch. 177, § 4, as amended, was originally codified as one section. However, after non-identical amendments by Laws 1949, ch. 92, § 2 and Laws 1949, ch. 98, § 4, the section was set out twice, as this section, with the ch. 98 amendments, and 6-17-4 NMSA 1978, with the ch. 92 amendments.