Common use of Public Property Clause in Contracts

Public Property. Upon approval of this Agreement by the Department and execution of this Agreement by the parties pursuant to the Public School Lease Purchase Act, the Property shall be considered to be a public property pursuant to Section 22-26A-5.l(B) NMSA 1978.

Public Property. Upon approval of this Agreement by the Public Education Department and the Public School Facilities Authority, and execution of this Agreement by the parties pursuant to the Public School Lease Purchase Actparties, the Property School Facility shall be considered to be a public property pursuant to Section NMSA 1978, §22-26A-5.l(B) NMSA 197826A-5.1(B).