{"data":{"id":"us-nm/22-19-6","jurisdiction":"us-nm","citation":"22-19-6","heading":"Report to state board [department].","body":"Prior to borrowing any money to finance an income project, a local school board shall furnish to the state board [department] the following information:\nA. a detailed description of the income project;\nB. an explanation of the necessity for the income project;\nC. an estimate of the total cost of the income project;\nD. an estimate of the amount of income anticipated from the income project;\nE. an estimate of the amount of income from existing buildings, improvements or facilities that will be pledged to pay for the income project;\nF. an estimate of the yearly operating cost of the income project; and\nG. an estimate of the anticipated yearly net income from the income project.","path":["Chapter 22 - Public Schools","ARTICLE 19 School Revenue Bonds"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"519bfb2da385db3a320946af0b046afb920811aafd21fd95f1c47e7acd638ad2","source_id":"us-nm","stale":false,"prev":"us-nm/22-19-5","next":"us-nm/22-19-7"},"notice":"GroundRules: Original legal text. Not legal advice."}