Yield Control Formula

Additional Notes:
1) Information displayed above was compiled from House Bill 948, (HB-948) introduced in the 2003 New Mexico legislative session. HB-948 proposed to eliminate the yield control statute, and thus contained all statutory references to it. The legislature did not approve the proposal.
2) Property tax levies imposed under the Education Technology Equipment Act (6-15A-1 to 6-15A-16 NMSA 1978) are not subject to the yield control statutes.  Under the act, school districts are allowed to create debt without voter permission to enter into lease-purchase agreements to acquire educational technology equipment.  For additional details, please see “How New Mexico Public Schools are Funded” – New Mexico Public Education Department, School Budget and Finance Analysis Bureau – available on the Public Education Department website.