Lease of New Mexico finance authority property; maintenance and repair.

  1. Law
  2. New Mexico Statutes
  3. Administration of Government
  4. Property Control
  5. Lease of New Mexico finance authority property; maintenance and repair.

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The division may enter into long-term leases, not to exceed ninety-nine years, on property owned by the New Mexico finance authority for state use. Lease of the property owned by the New Mexico finance authority may require the department to operate, maintain and make renovations and repairs to the property.

History: 1978 Comp., § 15-3B-9, enacted by Laws 2001, ch. 319, § 9.

ANNOTATIONS

Effective dates. — Laws 2001, ch. 319, § 24 made the act effective July 1, 2001.


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