{"data":{"id":"us-nm/22-26-3","jurisdiction":"us-nm","citation":"22-26-3","heading":"Authorization for local school board to submit question of capital improvements tax imposition.","body":"A. A local school board may adopt a resolution to submit to the qualified electors of the school district the question of whether a property tax at a rate not to exceed the rate specified in the resolution should be imposed upon the net taxable value of property allocated to the school district under the Property Tax Code [Chapter 7, Articles 35 to 38 NMSA 1978] for the purpose of capital improvements to public schools in the school district. The resolution shall:\n(1) identify the capital improvements for which the revenue proposed to be produced will be used;\n(2) specify the rate of the proposed tax, which shall not exceed ten dollars ($10.00) on each one thousand dollars ($1,000) of net taxable value of property allocated to the school district under the Property Tax Code;\n(3) limit the imposition of the proposed tax to no more than six property tax years; and\n(4) indicate the regular election on which the ballot question shall appear or specify the date a special election will be held to submit the question of imposition of the tax to the qualified electors of the district.\nB. A school district that has one or more charter schools located within the school district boundaries shall collaborate with the charter schools to establish a process through which the charter schools submit necessary information to the school district for inclusion in the resolution. This process shall include:\n(1) identification of the capital improvements of the charter school for which the revenue proposed to be produced will be used;\n(2) a requirement that necessary information be submitted to the school district no later than June 1 of the calendar year in which the local school board will consider the resolution; and\n(3) the point of contact in the school district to which the charter school is to submit the information.\nC. A resolution submitted to the qualified electors pursuant to Subsection A of this section shall include capital improvements funding for a locally chartered or state-chartered charter school located within the school district if:\n(1) the charter school has complied with the process outlined in Subsection B of this section; and\n(2) the capital improvements are included in the five-year facilities plan:\n(a) of the school district, if the charter school is a locally chartered charter school; or\n(b) of the charter school, if the charter school is a state-chartered charter school.","path":["Chapter 22 - Public Schools","ARTICLE 26 Public School Buildings"],"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":"6ab648c9329934e5ad405491ebe8a67e8ecf1564bd78a6cd8515ffdd9d662a11","source_id":"us-nm","stale":false,"prev":"us-nm/22-26-2","next":"us-nm/22-26-4"},"notice":"GroundRules: Original legal text. Not legal advice."}