New Mexico Statutes 18-14-3. Museum; location; property
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A. The “New Mexico film museum” is created within the cultural affairs department. The museum shall be located in Santa Fe.
Terms Used In New Mexico Statutes 18-14-3
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Legacy: A gift of property made by will.
- Personal property: All property that is not real property.
B. All real or personal property held or subsequently acquired for the operation of the museum shall be under the control and authority of the board.
C. Funds or other property received as a gift, endowment or legacy shall remain under the control of the board and shall, upon acceptance, be used for the operation of the museum.