New Mexico Statutes 18-3A-4. Natural history and science museum division; creation;
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location; property.
Terms Used In New Mexico Statutes 18-3A-4
- 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.
A. The “natural history and science museum division” is created within the cultural affairs department. The principal facility of this division is the “New Mexico museum of natural history and science” located in Albuquerque. The site shall be held in the name of the state.
B. All property, real or personal, now 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 by gift, endowment or legacy shall remain under the control of the board and shall, upon acceptance, be employed for the purpose specified.