New Mexico Statutes 18-6-20. Definitions
As used in the Historic Preservation Loan Act N.M. Stat. Ann. § 18-6-18 to 18-6-23: A. “committee” means the cultural properties review committee;
Terms Used In New Mexico Statutes 18-6-20
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
B. “division” means the historic preservation division of the cultural affairs department;
C. “fund” means the historic preservation loan fund;
D. “property owner” means the sole owner, joint owner, owner in partnership or corporate owner of a registered cultural property. As used in this subsection, the term “property owner” includes the owner of a leasehold interest in a registered cultural property, if the term of the lease is not less than nineteen years; and
E. “registered cultural property” means a site, structure, building or object entered in the state register of cultural properties or the national register of historic places or both.