{"data":{"id":"us-nm/22-26a-4","jurisdiction":"us-nm","citation":"22-26A-4","heading":"Notice of proposed lease purchase arrangement; approval of department.","body":"A. When a governing body determines, pursuant to Subsection B of Section 22-26A-6 NMSA 1978, that a lease purchase arrangement is in the best interest of the school district or the charter school, the governing body shall forward to the department a copy of the proposed lease purchase arrangement and the source of funds that the governing body has identified to make payments due under the lease purchase arrangement.\nB. A governing body shall not enter into a lease purchase arrangement without the approval of the department.","path":["Chapter 22 - Public Schools","ARTICLE 26A Public School Lease Purchase Act"],"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":"703ca1791812a093eefe89b8178d2a1c21ef1aca386227c8faaf0d55df971be0","source_id":"us-nm","stale":false,"prev":"us-nm/22-26a-3","next":"us-nm/22-26a-5"},"notice":"GroundRules: Original legal text. Not legal advice."}