A. After consideration of the priorities for the school district’s capital needs as shown by the facility assessment database maintained by the public school facilities authority and subject to the provisions of Article 9, Section 11 of the constitution of New Mexico and Sections 6-15-1 and 6-15-2 NMSA 1978, a school district may issue general […]
No action concerning any question placed on the ballot at a bond election shall be maintained in the district court unless the action is filed within ten days after the publication of the certificate of results of the bond election by the superintendent of schools. History: 1953 Comp., § 77-15-10, enacted by Laws 1967, ch. […]
A. General obligation bonds of a school district shall be issued and sold pursuant to the provisions of Sections 6-15-3 through 6-15-10 NMSA 1978. B. Except as is otherwise provided by law, general obligation bonds issued by a school district shall be of the denomination or denominations, shall be payable at the place or places […]
A. A local school board shall establish adequate budgetary provisions, approved by the public school finance division [secretary], to promptly pay, as it becomes due, all principal and interest on general obligation bonds issued by the school district. B. The full faith and credit of a school district shall be pledged to the payment of […]
A. Whenever a paying agent has not received payment of principal or interest on school district general obligation bonds on the business day immediately prior to the date on which the payment is due, the paying agent shall so notify the department of finance and administration, the department and the school district by telephone, facsimile […]
A. Before any general obligation bonds are issued, a local school board of a school district shall submit to a vote of the qualified electors of the school district the question of creating a debt by issuing the bonds, and a majority of those persons voting on the question shall vote for issuing the general […]
ANNOTATIONS Repeals. — Laws 2001, ch. 61, § 3 repealed 22-18-3 NMSA 1978, as enacted by Laws 1967, ch. 16, § 230, relating to giving the public notice of bond elections and provisions for publications concerning bond elections, effective June 15, 2001. For provisions of former section, see the 2000 NMSA 1978 on NMOneSource.com.
A. A person is required to be a qualified elector to vote in a bond election in a school district. B. Bond elections in a school district shall be conducted pursuant to the Local Election Act [Chapter 1, Article 22 NMSA 1978]. History: 1953 Comp., § 77-15-4, enacted by Laws 1967, ch. 16, § 231; […]
A. The question on the ballot of creating a debt by issuing general obligation bonds shall state the purpose or purposes for which the bonds are to be issued and the amount of the bond issue. Two or more separate questions may be submitted to the voters at a bond election, in which case, the […]
ANNOTATIONS Repeals. — Laws 2001, ch. 61, § 3 repealed 22-18-6 NMSA 1978, as enacted by Laws 1967, ch. 16, § 233, regarding the authority of local school boards to issue bonds, effective June 15, 2001. For provisions of former section, see the 2000 NMSA 1978 on NMOneSource.com.
If a majority of those persons voting on a question submitted to the voters in a bond election vote for creating a debt by issuing general obligation bonds, the local school board may, subject to the approval of the attorney general, proceed to issue the bonds. History: 1953 Comp., § 77-15-7, enacted by Laws 1967, […]
In the event a majority of those persons voting on a question submitted to the voters in a bond election votes against creating a debt by issuing general obligation bonds, no bond election shall be held on the same question for a period of two years from the date of the bond election. History: 1953 […]
No issue of bonds shall be valid or binding on any school district unless prior to the issuance of the bonds the attorney general approves the bond issue as to form and legality. The written approval of the attorney general shall be made a part of the transcript of the proceedings in connection with each […]
