State Codes and Statutes
Statutes > New-mexico > Chapter-22 > Article-26a > Section-22-26a-5-122-26A-5.1. Transfer or assignment of lease purchase arrangement; designation as public property.
A. A holder of a lease purchase arrangement, including any public entity holding a lease purchase arrangement, may secure financing by issuing certificates of participation or otherwise assigning or transferring all or a portion of the lease purchase arrangement.
B. A building or other real property subject to a lease purchase arrangement that has been entered into and approved pursuant to the Public School Lease Purchase Act [22-26A-1 NMSA 1978] shall be considered to be a public property.
