{"data":{"id":"us-nm/13-6-2.1","jurisdiction":"us-nm","citation":"13-6-2.1","heading":"Sales, trades or leases; state board of finance approval.","body":"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.\nB. The provisions of this section shall not be applicable to:\n(1) those institutions specifically enumerated in Article 12, Section 11 of the constitution of New Mexico;\n(2) the state land office;\n(3) the state transportation commission;\n(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\n(5) a school district when leasing facilities to a locally chartered or state-chartered charter school.","path":["Chapter 13 - Public Purchases and Property","ARTICLE 6 Sale of Public Property"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18513/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"666256611e357d0d267ce28dd449e129845e01487a492981cee61e9d94a602fe","source_id":"us-nm","stale":false,"prev":"us-nm/13-6-2","next":"us-nm/13-6-3"},"notice":"GroundRules: Original legal text. Not legal advice."}