Statutes > New Mexico Statutes > Chapter 15 - Administration of Government. > Article 3B - Property Control, 15-3B-1 through 15-3B-21. > Section 15-3B-9 - Lease of New Mexico finance authority property; maintenance and repair.

Section 15-3B-9 - Lease of New Mexico finance authority property; maintenance and repair.

15-3B-9. Lease of New Mexico finance authority property; maintenance and repair.

The division may enter into long-term leases, not to exceed ninety-nine years, on property owned by the New Mexico finance authority for state use. Lease of the property owned by the New Mexico finance authority may require the department to operate, maintain and make renovations and repairs to the property.