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. History: 1978 Comp., § 15-3B-9, enacted by Laws 2001, ch. 319, § 9. ANNOTATIONSEffective dates. — Laws 2001, ch. 319, § 24 made the act effective July 1, 2001.
New Mexico Legal Code