New Mexico § 15-3B-7 - Lease of land or buildings for private use

§ 15-3B-7. Lease of land or buildings for private use

A. The division may lease any land or building under its jurisdiction to private use

until the land or building is needed for public use. All income from the leases shall be deposited in the public buildings repair fund. All leases shall be made in accordance with Sections 13-6-2.1 and 13-6-3 NMSA 1978 . The division shall establish building use fees by rule for property under its jurisdiction;

provided that this provision does not apply to residences furnished to state officials

or employees for the legitimate convenience of the employer and that are not taxable

benefits for general income tax purposes. All state departments and institutions whose property is under the jurisdiction

of the division shall remit building use fees collected from lessees to the division

for deposit into the public buildings repair fund. Departments and institutions may charge separate utility costs for property where

the property is not separately metered, and those costs may be deposited to the credit

of the department's or institution's operating budget. B. The division, subject to the approval of the state board of finance and after following

the bidding procedures required by the Procurement Code for the purchase of tangible

personal property, may enter into long-term leases of vacant lands where the lessor

contracts with the state to construct and complete buildings, subject to the approval

of the staff architect, as a condition precedent to the start of the lease term. The buildings shall comply with applicable state and federal laws and codes. A lease shall not be executed pursuant to this subsection until the staff architect

has filed with the legislative finance committee a detailed statement of his evaluation

and approval of the proposed building.