{"data":{"id":"us-nm/6-6-12","jurisdiction":"us-nm","citation":"6-6-12","heading":"Exemptions from Bateman Act.","body":"Insurance contracts not exceeding five years, joint projects between two or more local public bodies not exceeding five years, lease-purchase agreements, lease agreements, contracts providing for the operation or provision and operation of a jail by or with another local public body or by an independent contractor entered into by a local public body set out in Section 6-6-11 NMSA 1978 and guaranteed energy savings contracts and installment payment contracts or lease-purchase agreements pursuant to guaranteed energy savings contracts are exempt from the provisions of Section 6-6-11 NMSA 1978, and such contracts, lease-purchase agreements, lease agreements and jail contracts are declared not to constitute the creation of debt.","path":["Chapter 6 - Public Finances","ARTICLE 6 Local Government Finances"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"c24876febf3660a0254c7f52fda41071c5defff49e93fa0a93e92536076dda20","source_id":"us-nm","stale":false,"prev":"us-nm/6-6-11","next":"us-nm/6-6-13"},"notice":"GroundRules: Original legal text. Not legal advice."}