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.
§ 15-3B-9 NMSA 1978
Lease of New Mexico finance authority property; maintenance and repair
Known as the Property Control Act
The act spans §§ 15–15 (24 sections).
1978 Comp., § 15-3B-9, enacted by Laws 2001, ch. 319, § 9.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.