New Mexico § 13-6-2.1 Sales, trades or leases; state board of finance approval

New Mexico Statutes

§ 13-6-2.1 — Sales, trades or leases; state board of finance approval

New Mexico § 13-6-2.1

Ch. 13Public Purchases and Property

Art. 6Sale of Public Property

This text of New Mexico § 13-6-2.1 (Sales, trades or leases; state board of finance approval) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 13-6-2.1 (2026).

Text

A. Except for sales, trades or leases approved pursuant to Section 13-6-3 NMSA 1978, any sale, trade or lease of real property belonging to a state agency, local public body or school district for more than five years or for a consideration of more than one hundred fifty thousand dollars ($150,000) shall be approved by the state board of finance prior to its effective date. B. The provisions of this section shall not be applicable to:

(1)those institutions specifically enumerated in Article 12, Section 11 of the constitution of New Mexico;

(2)the state land office;

(3)the state transportation commission;

(4)the economic development department when disposing of property acquired pursuant to the Statewide Economic Development Finance Act [Chapter 6, Article 25 NMSA 1978]; or (5) a school

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A. Except for sales, trades or leases approved pursuant to Section 13-6-3 NMSA 1978, any sale, trade or lease of real property belonging to a state agency, local public body or school district for more than five years or for a consideration of more than one hundred fifty thousand dollars ($150,000) shall be approved by the state board of finance prior to its effective date. B. The provisions of this section shall not be applicable to: (1) those institutions specifically enumerated in Article 12, Section 11 of the constitution of New Mexico; (2) the state land office; (3) the state transportation commission; (4) the economic development department when disposing of property acquired pursuant to the Statewide Economic Development Finance Act [Chapter 6, Article 25 NMSA 1978]; or (5) a school district when leasing facilities to a locally chartered or state- chartered charter school.