N.M. Admin. Code § 5.3.10.13

Current through Register Vol. 35, No. 21, November 5, 2024

Section 5.3.10.13 - NOTICE OF DISPOSITION OF REAL PROPERTY

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.

N.M. Admin. Code § 5.3.10.13

7-1-98; Recompiled 10/31/01, Adopted by New Mexico Register, Volume XXVIII, Issue 20, October 31, 2017, eff. 10/31/2017