New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 10 - CAPITAL PROJECTS APPROVAL BY COMMISSION ON HIGHER EDUCATION
Section 5.3.10.13 - NOTICE OF DISPOSITION OF REAL PROPERTY
Universal Citation: 5 NM Admin Code 5.3.10.13
Current through Register Vol. 35, No. 18, September 24, 2024
Notice of the sale or trade of real property must be submitted to department staff when the property exceeds a current appraisal value of one hundred thousand ($100,000). The following information should be submitted:
A. a description of the land parcel being sold or traded, including a location map and a statement of the appraised value;
B. the reason for the disposition;
C. the amount of anticipated revenue from the sale and the expected use of this revenue;
D. to obtain the approval of the state board of finance, institutions will be required to submit additional documents, as listed in the boards rules and regulations.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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