reglab/housing_qa huggingface dataset:
NM Stat § 22-26A-7 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-7 - Payments under lease purchase arrangements.

A school district or charter school may apply any legally available funds to acquire or improve buildings or other real property subject to a lease purchase arrangement or to the payments due under a lease purchase arrangement, including any combination of: A. money from the school district's or charter school's general fund; B. investment income actually received from investments; C. proceeds from taxes imposed pursuant to the Public School Capital Improvements Act [Chapter 22, Article 25 NMSA 1978] or the Public School Buildings Act [Chapter 22, Article 26 NMSA 1978]; D. loans, grants or lease payments received from the public school capital outlay council pursuant to the Public School Capital Outlay Act [Chapter 22, Article 24 NMSA 1978]; E. state distributions to the school district or charter school pursuant to the Public School Capital Improvements Act; F. fees or assessments received by the school district; G. proceeds from the sale of real property and rental income received from the rental or leasing of school district or charter school property; H. grants from the federal government as assistance to those areas affected by federal activity authorized in accordance with Title 20 of the United States Code, commonly known as "PL 874 funds" or "impact aid"; I. revenues from the tax authorized pursuant to Sections 22-26A-8 through 22-26A-12 NMSA 1978, if proposed by the local school board and approved by the voters; and J. legislative appropriations. History: Laws 2007, ch. 173, § 7; 2009, ch. 132, § 7; 2015, ch. 106, § 5. ANNOTATIONSCross references. — For PL 874 funds, see 20 USCS § 7701 et seq. The 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to authorize charter schools to apply any legally available funds to acquire or improve buildings or other real property subject to a lease purchase arrangement; in the introductory sentence of the section, after "A school district", added "or charter school"; in Subsection A, after "school district's", added "or charter school's"; in Subsection E, after "school district", added "or charter school". The 2009 amendment, effective June 19, 2009, in the introductory sentence, after "funds to", deleted "the payments due on or any prepayment premium payable in connection with lease purchase arrangements as they become due" and added the remainder of the sentence; in Subsection C, after "proceeds from taxes imposed", deleted "to pay school district general obligation bonds or" and after "Building Act;", deleted "or the Educational Technology Equipment Act"; deleted Subsection D, which included revenue from bonds or notes pursuant to the School Revenue Bond Act or the School District Anticipation Notes Act; and added Subsection J.
NM Stat § 22-26A-8 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-8 - Authorization for local school board to submit question of lease purchase tax.

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 making payments under lease purchase arrangements. The resolution shall: A. specify the maximum 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; B. specify the date an election will be held to submit the question of imposition of the tax to the qualified electors of the district; and C. limit the imposition of the proposed tax to no more than thirty property tax years. History: Laws 2007, ch. 173, § 8; 2009, ch. 132, § 8. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, in Subsection A after "specify the", added "maximum" and in Subsection C, changed "twenty" to "thirty".
NM Stat § 22-26A-9 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-9 - Authorizing resolution; time limitation.

The resolution authorized under Section 8 [22-26A-8 NMSA 1978] 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. History: Laws 2007, ch. 173, § 9. 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-10 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-10 - Conduct of election; notice; ballot.

A. An election on the question of imposing a tax under Sections 22-26A-8 through 22-26A-12 NMSA 1978 shall be held as prescribed in the Local Election Act [Chapter 1, Article 22 NMSA 1978]. B. The resolution required to be published as notice of the election under Section 1-22-11 NMSA 1978 [repealed] 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 thirty years upon the net taxable value of all property allocated to the school district for payments due under lease purchase arrangements. 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 lease purchase tax" or "against the lease purchase tax". History: Laws 2007, ch. 173, § 10; 2009, ch. 132, § 9; 2018, ch. 79, § 96. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2019, ch. 212, § 284 repealed 1-22-11 NMSA 1978, effective April 3, 2019The 2018 amendment, effective July 1, 2018, provided that elections on the question of imposing a tax under Sections 22-26A-8 through 22-26A-12 NMSA 1978 shall be held as prescribed in the Local Election Act, and made technical and conforming changes; in Subsection A, after "Section 22-26A-12 NMSA 1978", 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 2009 amendment, effective June 19, 2009, in Subsection B, changed "twenty" to "thirty".
NM Stat § 22-26A-11 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-11 - Election results; certification.

The certification of the results of an election held on the question of imposition of a lease purchase tax shall be made in accordance with the Local Election Act [Chapter 1, Article 22 NMSA 1978], and a copy of the certificate of results shall be mailed immediately to the secretary. History: Laws 2007, ch. 173, § 11; 2018, ch. 79, § 97. ANNOTATIONSThe 2018 amendment, effective July 1, 2018, provided that elections held on the question of imposition of a lease purchase tax shall be made in accordance with the Local Election Act, and made conforming changes; and changed "School Election Law" to "Local Election Act". 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.
NM Stat § 22-26A-12 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-12 - Imposition of tax; limitations.

If as a result of an election held in accordance with Sections 22-26A-8 through 22-26A-11 NMSA 1978 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 a lower rate directed by the local school board 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]. The revenue produced by the tax shall be expended only for payments due under lease purchase arrangements, as specified in the authorizing resolution. History: Laws 2007, ch. 173, § 12; 2009, ch. 132, § 10. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, after "authorizing resolution", added "or at a lower rate directed by the local school board".
NM Stat § 22-26A-13 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-13 - Publication of notice; validation.

A. After adoption of a resolution approving a lease purchase arrangement, the governing body shall publish notice of the adoption of the resolution once in a newspaper of general circulation in the school district in which the governing body's school is located. B. After the passage of thirty days from the publication required by Subsection A of this section, any action attacking the validity of the proceedings taken by the governing body preliminary to and in the authorization of and entering into the lease purchase arrangement described in the notice is perpetually barred. History: Laws 2007, ch. 173, § 13; 2015, ch. 106, § 6. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to require the governing body of a charter school or school district to publish notice of the adoption of a resolution approving a lease purchase arrangement; in Subsection A, after "arrangement, the", deleted "local school board" and added "governing body", and after "circulation in the school district", added "in which the governing body's school is located"; and in Subsection B, after "taken by the", deleted "local school board" and added "governing body".
NM Stat § 22-26A-14 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-14 - Refunding or refinancing lease purchase arrangements.

School districts and charter schools may enter into lease purchase arrangements for the purpose of refunding or refinancing any lease purchase arrangements then outstanding, including the payment of any prepayment premiums thereon and any interest accrued or to accrue to the date of prepayment 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 prepayment 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 governing body, also be applied to the payment of the outstanding lease purchase arrangements to be refunded or refinanced by prepayment 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 governing body to be used for payment of the refunding or refinancing lease purchase arrangement. If the proceeds from a tax imposed pursuant to Sections 22-26A-8 through 22-26A-12 NMSA 1978 were used as a source of payments for the refunded lease purchase arrangement, the proceeds may continue to be used for the refunding or refinancing lease purchase arrangements without the requirement of an additional election on the issue. History: Laws 2007, ch. 173, § 14; 2015, ch. 106, § 7. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to authorize charter schools to enter into lease purchase arrangements for the purpose of refunding or refinancing any outstanding lease purchase arrangements; after "School districts", added "and charter schools", after "in the discretion of the", deleted "school board" and added "governing body", after "investments thereof may be returned to the", deleted "local school board" and added "governing body", after "tax imposed pursuant to Section", deleted "8 through 12 of the Public School Lease Purchase Act" and added "22-26A-8 through 22-26A-12 NMSA 1978".
NM Stat § 22-26A-15 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-15 - Agreement of the state.

The state does hereby pledge to and agree with the holders of any lease purchase arrangement, certificates of participation or other partial interest in a lease purchase arrangement entered into under the Public School Lease Purchase Act that the state will not limit or alter the rights vested in school districts or charter schools to fulfill the terms of any lease purchase arrangement or related sublease arrangement or in any way impair the rights and remedies of the holders of lease purchase arrangements, certificates of participation or other partial interests in 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 and charter schools are authorized to include this pledge and agreement of the state in any lease purchase arrangement or related sublease arrangement. History: Laws 2007, ch. 173, § 15; 2009, ch. 132, § 11; 2015, ch. 106, § 8. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to include charter schools in the "Agreement of the State", which provides that the state will not limit or alter the rights vested in school districts or charter schools 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; after "vested in school districts", added "or charter schools", and after "School districts", added "and charter schools". The 2009 amendment, effective June 19, 2009, after the first occurrence of "purchase arrangement", added "certificates of participation or other partial interest in a lease purchase arrangement"; after the second occurrence of "purchase arrangement", added "or related sublease arrangement"; after the third occurrence of "purchase arrangements", added "certificates of participation or other partial interests in lease purchase arrangements"; and after the fourth occurrence of "purchase arrangement", added "or related sublease arrangement".
NM Stat § 22-26A-16 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-16 - Legal investments for public officers and fiduciaries.

Lease purchase arrangements entered into under the authority of the Public School Lease Purchase Act, including certificates of participation and other partial interests in such lease purchase arrangements, 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 2007, ch. 173, § 16; 2009, ch. 132, § 12. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, after "Purchase Act", added "including certificates of participation and other partial interests in such lease purchase arrangements".
NM Stat § 22-26A-17 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-17 - Tax exemption.

The state covenants with the original holder and all subsequent holders and transferees of lease purchase arrangements entered into by governing bodies, in consideration of the acceptance of and payment for the lease purchase arrangements entered into pursuant to the Public School Lease Purchase Act, that lease purchase arrangements, certificates of participation and other partial interests in lease purchase arrangements and the interest income from the lease purchase arrangements, certificates of participation and other partial interests shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers. History: Laws 2007, ch. 173, § 17; 2009, ch. 132, § 13; 2015, ch. 106, § 9. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to include charter schools in the state's covenant that lease purchase arrangements will be free from taxation by the state, except for estate or gift taxes and taxes on transfers; after "arrangements entered into by", deleted "local school boards" and added "governing bodies".
NM Stat § 22-26A-18 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-18 - Cumulative and complete authority.

The Public School Lease Purchase Act shall be deemed to provide an additional and alternative method for acquiring buildings and other real property authorized thereby 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 Public School Lease Purchase Act shall be deemed to provide complete authority for acquiring buildings and other real property and entering into lease purchase arrangements contemplated thereby, and no other approval of any state agency or officer, except as provided therein, shall be required with respect to any lease purchase arrangements, and the governing body acting thereunder need not comply with the requirements of any other law applicable to the issuance of debt by school districts. History: Laws 2007, ch. 173, § 18; 2015, ch. 106, § 10. ANNOTATIONSThe 2015 amendment, effective July 1, 2015, amended the Public School Lease Purchase Act to provide that this act provides complete authority for acquiring buildings and other real property through lease purchase arrangements, and that the governing body of a charter school or school district need not comply with the requirements of any other law applicable to the issuance of debt; after "arrangements, and the", deleted "local school board" and added "governing body".
NM Stat § 22-26A-19 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-19 - Repealed.

History: Laws 2007, ch. 173, § 19; 2009, ch. 132, § 14; repealed by Laws 2015, ch. 106, § 11.ANNOTATIONSRepeals. — Laws 2015, ch. 106, § 11 repealed 22-26A-19 NMSA 1978, as enacted by Laws 2007, ch. 173, § 19, relating to lease purchase arrangements for charter schools, effective July 1, 2015. For provisions of former section, see the 2014 NMSA 1978 on NMOneSource.com.
NM Stat § 22-26A-20 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 26A - Public School Lease Purchase Act|Section 22-26A-20 - Liberal interpretation.

The Public School Lease Purchase Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. History: Laws 2007, ch. 173, § 20. 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 § 22-27-1 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 27 - Meditation in Public School|Section 22-27-1 - Short title.

This act [22-27-1 to 22-27-3 NMSA 1978] may be cited as the "Meditation in Public School Act". History: Laws 1995, ch. 72, § 1.
NM Stat § 22-27-2 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 27 - Meditation in Public School|Section 22-27-2 - Findings; purpose.

A. The legislature finds that: (1) the first amendment of the United States constitution protects religious freedom and freedom of speech; (2) the constitution of New Mexico protects each citizen's rights to worship God according to the dictates of the citizen's conscience; and (3) the constitution of New Mexico prohibits public schools from requiring attendance or participation by students or teachers in any religious service. B. The purpose of the Meditation in Public School Act is to foster respect for the educational process and environment and to provide for the right of every public school student to exercise his freedom of conscience on public school grounds without pressure from the state, any public school, teacher, school personnel or other student. History: Laws 1995, ch. 72, § 2.
NM Stat § 22-27-3 (2021)
2021 New Mexico Statutes|Chapter 22 - Public Schools|Article 27 - Meditation in Public School|Section 22-27-3 - Moment of silent meditation.

Students in the public schools may voluntarily engage in student-initiated moments of silent meditation. History: Laws 1995, ch. 72, § 3. ANNOTATIONSSeverability. — Laws 1995, ch. 72, § 4 provided that if any part or application of the Meditation in Public School Act is held invalid, the remainder or its application to other situations or persons shall not be affected.