New Mexico Statutes 22-26A-20. Liberal interpretation
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The Public School Lease Purchase Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.
Terms Used In New Mexico Statutes 22-26A-20
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC