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Current as of January 01, 2024 | Updated by Findlaw Staff
A. The “cultural properties restoration fund” is created in the state treasury. The fund may receive money appropriated by the legislature or gifts, grants, bequests or payments for services rendered by the division from any public or private source. All money appropriated to the fund or accruing to the fund as a result of gifts, grants, bequests, payments for services rendered, investment of the fund or from any other source shall not be transferred to another fund but shall remain in the fund to be encumbered and disbursed according to the provisions of the Cultural Properties Protection Act. Money in the fund shall not revert to the general fund or to any other fund from which money was appropriated.
B. Money in the fund shall be used solely for the purpose of providing grants for interpretation, restoration, preservation, stabilization and protection of cultural property that is state property.
C. Disbursements from the fund shall be made only upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the officer.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 18. Libraries, Museums, and Cultural Properties § 18-6A-3. Fund; created; purpose - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-18-libraries-museums-and-cultural-properties/nm-st-sect-18-6a-3/
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