reglab/housing_qa huggingface dataset:
NM Stat § 22-25-11 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 25 - Public School Capital Improvements|Section 22-25-11 - Expenditures by charter schools; reports to department.

A. No later than December 1 of each year, each locally chartered or state-chartered charter school that expects a state distribution or a distribution of property taxes pursuant to the Public School Capital Improvements Act during the next calendar year shall submit a report to the department and its chartering authority showing the purposes for which the expected distribution will be expended. The department shall review the report and, no later than twenty days after receiving the report, shall advise the charter school if, in its opinion, the proposed expenditures are consistent with law and shall provide a copy of the advice to the local district. B. No later than January 31 of each year, each locally chartered or state-chartered charter school that received a state distribution or a distribution of property taxes pursuant to the Public School Capital Improvements Act during the preceding calendar year shall submit a report to the department and its chartering authority showing the purposes for which the distribution was expended and the amount expended for each purpose. History: Laws 2011, ch. 11, § 1. ANNOTATIONSEffective dates. — Laws 2011, ch. 11 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2011, 90 days after the adjournment of the legislature. ANNOTATIONS
NM Stat § 22-26-1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-1 - Short title.

Chapter 22, Article 26 NMSA 1978 may be cited as the "Public School Buildings Act". History: Laws 1983, ch. 163, § 1; 2007, ch. 366, § 18. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed the statutory reference to the act. For article, "No Cake For Zuni: The Constitutionality of New Mexico's Public School Capital Finance System," see 37 N.M.L. Rev. 307 (2007).
NM Stat § 22-26-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-3 - Authorization for local school board to submit question of capital improvements tax imposition.

A. A local school board may adopt a resolution to submit to the qualified electors of the school district the question of whether a property tax at a rate not to exceed the rate specified in the resolution should be imposed upon the net taxable value of property allocated to the school district under the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978] for the purpose of capital improvements to public schools in the school district. The resolution shall:(1) identify the capital improvements for which the revenue proposed to be produced will be used;(2) specify the rate of the proposed tax, which shall not exceed ten dollars ($10.00) on each one thousand dollars ($1,000) of net taxable value of property allocated to the school district under the Property Tax Code;(3) limit the imposition of the proposed tax to no more than six property tax years; and(4) indicate the regular election on which the ballot question shall appear or specify the date a special election will be held to submit the question of imposition of the tax to the qualified electors of the district. B. A resolution submitted to the qualified electors pursuant to Subsection A of this section shall include capital improvements funding for a locally chartered or state-chartered charter school located within the school district if:(1) the charter school timely provides the necessary information to the school district for inclusion on the resolution that identifies the capital improvements of the charter school for which the revenue proposed to be produced will be used; and(2) the capital improvements are included in the five-year facilities plan:(a) of the school district, if the charter school is a locally chartered charter school; or(b) of the charter school, if the charter school is a state-chartered charter school.History: Laws 1983, ch. 163, § 3; 1986, ch. 32, § 26; 2007, ch. 366, § 20; 2019, ch. 212, § 228. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, revised the list of required contents of a resolution on the question of whether a property tax should be imposed for the purpose of capital improvements to public schools in the school district; in Subsection A, deleted Paragraph A(3) and redesignated former Paragraph A(4) as Paragraph A(3), added new Paragraph A(4); and in Subsection B, deleted "After July 1, 2007".The 2007 amendment, effective July 1, 2007, added Paragraph (1) of Subsection A to require bond resolutions to identify the capital improvements and added Subsection B.
NM Stat § 22-26-4 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-4 - Authorizing resolution; time limitation.

The resolution authorized under Section 22-26-3 NMSA 1978 shall be adopted within the time frames required by the Election Code [Chapter 1 NMSA 1978] and pursuant to the requirements of the property tax division of the taxation and revenue department.History: Laws 1983, ch. 163, § 4; 2019, ch. 212, § 229. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, revised the time limitation on the adoption of a resolution on the question of imposition of a capital improvements tax; after "authorized under Section", deleted "3 of the Public School Buildings Act" and added "22-26-3 NMSA 1978" and after "shall be adopted", deleted "no later than May 15 in the year in which the tax is proposed to be imposed" and added the remainder of the section.
NM Stat § 22-26-5 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-5 - Conduct of election; notice; ballot.

A. An election on the question of imposing a tax under the Public School Buildings Act shall be held as prescribed in the Local Election Act [Chapter 1, Article 22 NMSA 1978].B. The resolution authorizing the ballot question or calling for a special election shall include as the question to be submitted to the voters whether a property tax at a rate not to exceed the rate specified in the authorizing resolution should be imposed for the specified number of property tax years not exceeding six years upon the net taxable value of all property allocated to the school district for capital improvements.C. The ballot shall include the information specified in Subsection B of this section and shall present the voter the choice of voting "for the public school buildings tax" or "against the public school buildings tax".History: Laws 1983, ch. 163, § 5; 1986, ch. 32, § 27; 2007, ch. 366, §21; 2018, ch. 79, § 95; 2019, ch. 212, § 230. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, revised the notice provision of the section; in Subsection B, after "The resolution", deleted "required to be published as notice of the election under Section 1-22-11 NMSA 1978" and added "authorizing the ballot question or calling for a special election".The 2018 amendment, effective July 1, 2018, provided that elections on the question of imposing a tax under the Public School Buildings Act shall be held as prescribed in the Local Election Act, and made technical and conforming changes; in Subsection A, after "Public School Buildings Act", deleted "may" and added "shall", after "be held", deleted "in conjunction with a regular school district election or may be conducted as or held in conjunction with a special school district election, but the election shall be held prior to July 1 of the property tax year in which the tax is proposed to be imposed. Conduct of the election shall be", and after "as prescribed in the", deleted "School Election Law for regular and special school district elections" and added "Local Election Act"; and in Subsection B, after "under Section", deleted "1-22-4 or 1-22-5" and added "1-22-11". Temporary provisions. — Laws 2018, ch. 79, § 174 provided that references in law to the Municipal Election Code and to the School Election Law shall be deemed to be references to the Local Election Act. The 2007 amendment, effective July 1, 2007, changed the maximum number of property tax years for imposing the tax from five to six years.
NM Stat § 22-26-6 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-6 - Election results; certification.

The certification of the results of an election held on the question of imposition of a public school buildings tax shall be as prescribed in the Local Election Act [Chapter 1, Article 22 NMSA 1978], and in addition to the reporting of results required by the Election Code [Chapter 1 NMSA 1978], a copy of the certificate of results shall be delivered immediately to the secretary. History: Laws 1983, ch. 163, § 6; 1993, ch. 226, § 52; 2019, ch. 212, § 231. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, provided that the certification of the results of an election held on the question of imposition of a public school buildings tax shall be as prescribed by the Local Election Act and the reporting requirements of the Election Code; after "shall be", deleted "made in accordance with the School Election Law" and added "as prescribed in the Local Election Act", after "and", added "in addition to the reporting of results required by the Election Code", after "results shall be", deleted "mailed" and added "delivered", and after "immediately to the", deleted "state superintendent" and added "secretary". The 1993 amendment, effective July 1, 1993, substituted "the School Election Law" for "Section 22-6-16 NMSA 1978" and "state superintendent" for "director of public school finance".
NM Stat § 22-26-7 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-7 - Imposition of tax; limitations.

If as a result of an election held in accordance with the Public School Buildings Act a majority of the qualified electors voting on the question votes in favor of the imposition of the tax, the tax rate shall be certified, unless the local school board directs that the tax levy not be made for the year, by the department of finance and administration at the rate specified in the authorizing resolution or at any lower rate required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 upon the rate specified in the authorizing resolution or at any rate lower than the rate required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 if directed by the local school board pursuant to Section 22-26-8 NMSA 1978, and the tax shall be imposed at the rate certified in accordance with the provisions of the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978]. If in any tax year the authorized tax rate under the Public School Buildings Act, when added to the tax rates for servicing debt of the school district and for capital improvements pursuant to the Public School Capital Improvements Act [Chapter 22, Article 25 NMSA 1978], exceeds fifteen dollars ($15.00), or a lower amount that would be required by applying the rate limitation provisions of Section 7-37-7.1 NMSA 1978 to the amount of fifteen dollars ($15.00), on each one thousand dollars ($1,000) of net taxable value of property allocated to the school district under the Property Tax Code, the tax rate under the Public School Buildings Act shall be reduced to an amount that, when added to such additional rates, will equal fifteen dollars ($15.00), or the lower amount that would be required by applying the rate limitation provisions of Section 7-37-7.1 NMSA 1978 to the amount of fifteen dollars ($15.00), on each one thousand dollars ($1,000) of net taxable value of property so allocated to the school district. The revenue produced by the tax and any state distribution resulting to the district under the Public School Buildings Act shall be expended only for capital improvements. History: Laws 1983, ch. 163, § 7; 1986, ch. 32, § 28; 1996, ch. 63, § 1. ANNOTATIONSThe 1996 amendment, effective May 15, 1996, substituted "fifteen dollars ($15.00)" for "ten dollars ($10.00)" throughout the section.
NM Stat § 22-26-8 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-8 - Tax to be imposed for a maximum of six years.

A tax imposed in a school district as a result of an election under the Public School Buildings Act shall be imposed for one, two, three, four, five or six years. The local school board may direct that such levy be decreased or not made for any year if, in its judgment, the total levy is not necessary for such year and shall direct that the levy be decreased by the amount required if a decrease is required by operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978. History: Laws 1983, ch. 163, § 8; 1986, ch. 32, § 29; 2007, ch. 366, § 22; 2019, ch. 212, § 232. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, removed a provision related to the commencement of a tax imposed as a result of an election under the Public School Buildings Act; after "six years", deleted "commencing with the property tax year in which the election was held".The 2007 amendment, effective July 1. 2007, changed the maximum number of property tax years for imposing the tax from five to six years.
NM Stat § 22-26-9 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-9 - Charter schools; receipt of local property tax revenue.

If the qualified electors of a school district have voted in favor of the imposition of a property tax as provided in Section 22-26-3 NMSA 1978, the amount of tax revenue to be distributed to each charter school that was included in the resolution shall be determined each year and shall be in the same proportion as the average full-time-equivalent enrollment of the charter school on the first reporting date of the prior school year is to the total such enrollment in the district; provided that, in the case of an approved 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, subject to adjustment after the first reporting date. Each year, the department shall certify to the county treasurer of the county in which the eligible charter schools in the school district are located the percentage of the revenue to be distributed to each charter school. The county treasurer shall distribute the charter school's share of the property tax revenue directly to the charter school. History: Laws 2007, ch. 366, § 23; 2010, ch. 116, § 8; 2019, ch. 212, § 233. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, after "If", deleted "in an election held after July 1, 2007".The 2010 amendment, effective May 19, 2010, in the first sentence, after "enrollment of the charter school on the", deleted "fortieth day" and added "first reporting date" and after "subject to adjustment after the", deleted "fortieth day" and added "first reporting date". Temporary provisions. — Laws 2010, ch. 116, § 9 provided that references in the Public School Code pertaining to the fortieth-day or forty-day report of public school membership or enrollment shall be deemed to be references to the first reporting date, which is the second Wednesday in October; references pertaining to the eightieth-day or eighty-day report of public school membership or enrollment shall be deemed to be references to the second reporting date, which is the second Wednesday in December; and references pertaining to the one-hundred twentieth-day or one-hundred twenty-day report of public school membership or enrollment shall be deemed to be references to the third reporting date, which is the second Wednesday in February. As the public schools transition from former reporting dates to new reporting dates, the public education department may use any combination of former and new reporting dates as necessary to develop membership and cost projections and budgets for the 2010-2011 school year.
NM Stat § 22-26-10 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26 - Public School Buildings|Section 22-26-10 - Expenditures by charter schools; reports to department.

A. No later than December 1 of each year, each locally chartered or state-chartered charter school that expects a distribution of property taxes pursuant to the Public School Buildings Act during the next calendar year shall submit a report to the department and its chartering authority showing the purposes for which the expected distribution will be expended. The department shall review the report and, no later than twenty days after receiving the report, shall advise the charter school if, in its opinion, the proposed expenditures are consistent with law and shall provide a copy of the advice to the local district. B. No later than January 31 of each year, each locally chartered or state-chartered charter school that received a distribution of property taxes pursuant to the Public School Buildings Act during the preceding calendar year shall submit a report to the department and its chartering authority showing the purposes for which the distribution was expended and the amount expended for each purpose. History: Laws 2011, ch. 11, § 2. ANNOTATIONSEffective dates. — Laws 2011, ch. 11 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2011, 90 days after the adjournment of the legislature. ANNOTATIONS
NM Stat § 22-26A-1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-1 - Short title.

Chapter 22, Article 26A NMSA 1978 may be cited as the "Public School Lease Purchase Act". History: Laws 2007, ch. 173, § 1; 2009, ch. 132, § 2. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, changed the reference to the act to the article and chapter of NMSA 1978.
NM Stat § 22-26A-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-2 - Purpose.

The purpose of the Public School Lease Purchase Act is to implement the provision of Article 9, Section 11 of the constitution of New Mexico, as approved by the voters of the state of New Mexico at the general election held in November 2006, which declares that a financing agreement entered into by a school district or a charter school for leasing of a building or other real property with an option to purchase for a price that is reduced according to the payments made by the school district or charter school pursuant to the financing agreement is not a debt if: A. there is no legal obligation for the school district or charter school to continue the lease from year to year or to purchase the real property; and B. the agreement provides that the lease shall be terminated if sufficient money is not available to meet the current lease payments. History: Laws 2007, ch. 173, § 2. ANNOTATIONSEffective dates. — Laws 2007, ch. 173 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2007, 90 days after the adjournment of the legislature.
NM Stat § 22-26A-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-3 - Definitions.

As used in the Public School Lease Purchase Act: A. "financing agreement" or "lease purchase arrangement" means an agreement for the leasing of a building or other real property with an option to purchase for a price that is reduced according to the payments made, which periodic lease payments composed of principal and interest components are to be paid to the holder of the agreement and pursuant to which the owner of the building or other real property may retain title to or a security interest in the building or other real property and may agree to release the security interest or transfer title to the building or other real property to the school district for nominal consideration after payment of the final periodic lease payment; and B. "governing body" means: (1) the governing structure of a charter school, as set forth in its approved charter; or (2) a local school board as the governing structure of a school district. History: Laws 2007, ch. 173, § 3; 2015, ch. 106, § 1. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, clarified the definition of "governing body" in the Public School Lease Purchase Act to include the governing structure of a charter school and a local school board; in Subsection A, after the semicolon, added "and"; deleted former Subsections B and C, relating to the meaning of "local school board" and "school district"; and added new Subsection B.
NM Stat § 22-26A-4 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-4 - Notice of proposed lease purchase arrangement; approval of department.

A. When a governing body determines, pursuant to Subsection B of Section 22-26A-6 NMSA 1978, that a lease purchase arrangement is in the best interest of the school district or the charter school, the governing body shall forward to the department a copy of the proposed lease purchase arrangement and the source of funds that the governing body has identified to make payments due under the lease purchase arrangement. B. A governing body shall not enter into a lease purchase arrangement without the approval of the department. History: Laws 2007, ch. 173, § 4; 2009, ch. 132, § 3; 2015, ch. 106, § 2. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to require a governing body of a charter school or school district to give the public education department notice of a lease purchase agreement when the governing body determines that a lease purchase arrangement is in the best interest of the school district or charter school and requires the governing body to obtain approval from the public education department prior to entering into a lease purchase arrangement; in Subsection A, after "When a", deleted "local school board" and added "governing body", after "best interest of the school district", added "or the charter school", after the third occurrence of "the", deleted "board" and added "governing body", and after "source of funds that the", deleted "local school board" and added "governing body"; and in Subsection B, after "A", deleted "local school board" and added "governing body". The 2009 amendment, effective June 19, 2009, in Subsection A, at the beginning of the sentence, deleted former language, which provided that when a school district contemplates entering into a lease purchase arrangement for a building or other real property payable from ad valorem taxes, the local school board was required to give a copy of the proposed lease to the department; and added the new language.
NM Stat § 22-26A-5.1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-5.1 - Transfer or assignment of lease purchase arrangement; designation as public property.

A. A holder of a lease purchase arrangement, including any public entity holding a lease purchase arrangement, may secure financing by issuing certificates of participation or otherwise assigning or transferring all or a portion of the lease purchase arrangement. B. A building or other real property subject to a lease purchase arrangement that has been entered into and approved pursuant to the Public School Lease Purchase Act shall be considered to be a public property. History: 1978 Comp., § 22-26A-5.1, as enacted by Laws 2009, ch. 132, § 5. ANNOTATIONSEffective dates. — Laws 2009, ch. 132 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2009, 90 days after the adjournment of the legislature.