2023 New Mexico Statutes › Chapter 22 - Public Schools › Article 25 - Public School Capital Improvements › Section 22-25-7 - Imposition of tax; limitation on expenditures.

A. If as a result of an election held in accordance with the Public School Capital Improvements 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 requests by resolution that a rate be discontinued, by the department of finance and administration at the rate specified in the resolution authorized under Section 22-25-3 NMSA 1978 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 resolution and be imposed at the rate certified in accordance with the provisions of the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978].
B. The revenue produced by the tax and, except as provided in Subsections D and F of Section 22-25-9 NMSA 1978, any state distribution resulting to the district under the Public School Capital Improvements Act shall be expended only for the capital improvements specified in the authorizing resolution.
C. 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 school district; provided that, in determining the school district's total enrollment, charter school students located within the school district shall be included; and provided further that no distribution shall be made to an approved charter school that had not commenced classroom instruction in the prior school year. 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:
1953 Comp., § 77-25-7, enacted by Laws 1975 (S.S.), ch. 5, § 7; 1986, ch. 32, § 23; 2004, ch. 125, § 13; 2009, ch. 258, § 10; 2019, ch. 212, § 226; 2022, ch. 22, § 2.
ANNOTATIONS
Repeals.
— Laws 2020 (1st S.S.), ch. 3, § 12, effective June 26, 2020, repealed Laws 2020, ch. 64, § 2, which was to become effective July 1, 2020.
The 2022 amendment,
effective July 1, 2022, provided that in determining the school district's total enrollment, for purposes of calculating state distributions to school districts that impose a public school capital improvements tax, charter school students located within the school district shall be included; in Subsection B, after "provided in", deleted "Subsection F, G or H" and added "Subsections D and F"; and in Subsection C, added "provided that, in determining the school district's total enrollment, charter school students located within the school district shall be included; and", and after the next occurrence of "provided", added "further".
The 2019 amendment,
effective April 3, 2019, revised certain provisions related to determining a school district's total enrollment for purposes of determining the amount of tax revenue to be distributed to each charter school; in Subsection C, after "charter school on the", deleted "fortieth day" and added "first reporting date", and after "prior school year", deleted "and, provided further, that, in determining a school district's total enrollment, students attending a state chartered charter school within that school district shall be included".
The 2009 amendment,
effective April 8, 2009, in Subsection B, added the reference to Subsections G and H; and added Subsection C.
The 2004 amendment,
effective May 19, 2004, added "except as provided in Subsection F of Section 22-25-9 NMSA 1978," after "The revenue produced by the tax and,".
The "tax rate imposed in the district" under the Public School Capital Improvements Act
is that rate certified in accordance with this section which incorporates Section 7-37-7.1 NMSA 1978. This certified rate must be that which the voters approve unless the operation of the rate limitation provisions of Section 7-37-7.1 NMSA 1978 requires a lower rate, in which case the lower rate must be certified. 1987 Op. Att'y Gen. No. 87-52.