New Mexico Statutes
§ 22-19-5 — Determination by local school board
New Mexico § 22-19-5
This text of New Mexico § 22-19-5 (Determination by local school board) 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. § 22-19-5 (2026).
Text
Prior to borrowing money and issuing evidences of indebtedness to finance an income project, a local school board shall make a determination that the income project is necessary and that sufficient income will be produced by the income project to repay all money borrowed and to discharge any bonds or other special obligations issued for the repayment of the money borrowed.
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Legislative History
1953 Comp., § 77-16-5, enacted by Laws 1967, ch. 16, § 244.
Nearby Sections
15
§ 22-1-1
Public School Code§ 22-1-1.1
Legislative findings and purpose§ 22-1-1.2
Legislative findings and purpose§ 22-1-11
Educational data system§ 22-1-16
Parental guidance for water safety§ 22-1-2
Definitions§ 22-1-2.1
Home school; requirementsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 22-19-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/22/22-19-5.