Lease Purchase Agreement Checklist for Districts / Charters & DevelopersLease Purchase Agreement • February 19th, 2008
Contract Type FiledFebruary 19th, 2008Lease Purchase Agreement between a school and a private developer, in which a private developer builds a school which is initially leased to the school district, is allowed under Sections 22-24-1 through 22-24-11 NMSA 1978. The leased school may later qualify for purchase under a Public School Capital Outlay Council (PSCOC) grant.