No expenditure shall be made by any state educational institution confirmed by Article 12, Section 11 of the state constitution for the purchase of real property or the construction of buildings or other major structures or for major remodeling projects without prior approval of the proposed purchase or construction or remodeling by the board of educational finance and the state board of finance. History: 1953 Comp., § 73-30-15.1, enacted by Laws 1971, ch. 235, § 4. ANNOTATIONSCompiler's notes. — Laws 1937, ch. 95, § 1, ratified and confirmed any and all 'deeds, grants and conveyances heretofore made by any city, town or village in this state to the state of New Mexico conveying land or other property for the use of any institution of this state.' Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35. 14A C.J.S. Colleges and Universities §§ 10, 11, 14.
New Mexico Legal Code