New Mexico Statutes 15-3B-8. Acquisition of land
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The division may acquire land through purchase or through gift or donation; provided, however, that acquisitions shall first be approved by the state board of finance. The title of acquired land shall vest in the state.
Terms Used In New Mexico Statutes 15-3B-8
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.