Section 33-1A-4 – Lease terms.
A. Upon expiration of the long-term housing lease, the low-rent housing units constructed pursuant to Chapter 33, Article 1A NMSA 1978 shall become the exclusive property of the state, free of any encumbrances of any kind arising from the construction or leasing of the housing units. B. The low-rent housing units constructed pursuant to Chapter […]
Section 33-1A-5 – Board of finance approval.
No lease of low-rent housing units constructed pursuant to Chapter 33, Article 1A NMSA 1978 shall be binding against the facilities management division of the general services department until it has been approved by the state board of finance. History: Laws 1983, ch. 186, § 5; 2013, ch. 115, § 28. ANNOTATIONS The 2013 amendment, […]
Section 33-1A-2 – Long-term lease of correctional facility housing by facilities management division; sublease to correctional officers and others.
In connection with and as part of the real property lease authorized in Section 33-1A-1 NMSA 1978, the facilities management division of the general services department is authorized to negotiate and execute a long-term lease, for a period not to exceed twenty-five years, of the low-rent housing units constructed pursuant to Chapter 33, Article 1A […]
Section 33-1A-3 – Long-term correctional facility housing lease suspense fund established.
The facilities management division of the general services department shall establish a schedule of sublease rental fees for the low-rent housing units constructed pursuant to Chapter 33, Article 1A NMSA 1978. Sublease rental fee payments shall be paid to the general services department and deposited in the “long-term correctional facility housing lease suspense fund”, hereby […]
Section 33-1A-1 – Lease of real property for correctional facility housing.
The facilities management division of the general services department is authorized to lease a portion of the real property of the state on which a correctional facility is located, but not to include Grants, New Mexico, for a period not to exceed twenty-five years, to a private entity in consideration for the construction on the […]