New Mexico Statutes > Chapter 13 > Article 6 – Sale of Public Property


§ 13-6-1	Disposition of obsolete, worn-out or unusable tangible personal property
§ 13-6-2	Sale of property by state agencies or local public bodies; authority to sell or dispose of property; approval of appropriate approval authority
§ 13-6-2.1	Sales, trades or leases; state board of finance approval
§ 13-6-3	Sale, trade or lease of real property by state agencies;
§ 13-6-4	Definitions
§ 13-6-5	Sale of real property by state agencies; land grant right of first refusal
§ 13-6-6	Surplus property bureau created; duties; powers
§ 13-6-7	Surplus property fund; created; expenditures
§ 13-6-8	Disposition of state property

Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
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}
Oath: A promise to tell the truth.
Personal property: All property that is not real property.
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

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