No expenditure shall be made by any state educational institution confirmed by Article 12, Section 11 of the state constitution for the purchase of real property or the construction of buildings or other major structures or for major remodeling projects without prior approval of the proposed purchase or construction or remodeling by the board of educational finance and the state board of finance.
§ 21-1-21 NMSA 1978
Capital expenditures
Applied in 1 court decision — leading case Daniel v. American Board of Emergency Medicine (1997)
Most recently applied in Daniel v. American Board of Emergency Medicine (November 1997)
1953 Comp., § 73-30-15.1, enacted by Laws 1971, ch. 235, § 4.
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.