Section 9-27-15 - Lease of radio communications network; conditions and requirementsIn exercising supervisory control pursuant to Section 9-27-14 NMSA 1978, the department may lease to a private entity excess capacity relating to the provision of two-way radio services on its radio communications property, including buildings, towers or antennas, provided that:
A. the lease is for an equivalent value exchange of money or property or services;B. the secretary certifies that the excess capacity will be available for at least the duration of the lease;C. if the lease exceeds ten years, the lease is first approved by the state board of finance;D. the department has submitted to the legislative finance committee a detailed plan for the use of excess capacity being leased and an assessment of how the lease will affect public sector uses and local telecommunication service providers; andE. income from the leases shall be deposited to the credit of the department and used to carry out the duties of the department.1978 Comp., § 15-2-2.1, enacted by Laws 1997, ch. 263, § 1; 2007, ch. 288, § 2; 2007, ch. 290, § 15; recompiled as § 9-27-15 by Laws 2009, ch. 146, § 10.Amended by 2023, c. 132,s. 4, eff. 7/1/2023.