New Mexico Statutes 33-1A-5. Board of finance approval
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No lease of low-rent housing units constructed pursuant to N.M. Stat. Ann. Chapter 33, Article 1A shall be binding against the facilities management division of the general services department until it has been approved by the state board of finance.
Terms Used In New Mexico Statutes 33-1A-5
- 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