New Mexico § 23-1-2 [Sale or lease of lands; disposition of proceeds.]

New Mexico Statutes

§ 23-1-2 — [Sale or lease of lands; disposition of proceeds.]

New Mexico § 23-1-2

Ch. 23State Health Institutions

Art. 1General Provisions

This text of New Mexico § 23-1-2 ([Sale or lease of lands; disposition of proceeds.]) 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. § 23-1-2 (2026).

Text

The New Mexico college of agriculture and mechanic arts [New Mexico state university] and all other state, educational and charitable institutions, in New Mexico, are authorized to expend the funds derived from the sale and lease of their lands, or so much thereof as may be necessary which are placed to the credit of the respective institutions, for buildings, equipment and other permanent improvements.

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The New Mexico college of agriculture and mechanic arts [New Mexico state university] and all other state, educational and charitable institutions, in New Mexico, are authorized to expend the funds derived from the sale and lease of their lands, or so much thereof as may be necessary which are placed to the credit of the respective institutions, for buildings, equipment and other permanent improvements.