New Mexico Statutes 18-6-16. Preparation and sale of cultural properties publications;
revolving fund; report.
Terms Used In New Mexico Statutes 18-6-16
- Contract: A legal written agreement that becomes binding when signed.
The historic preservation division shall encourage and promote publications relating to cultural properties that have been prepared pursuant to the Cultural Properties Act N.M. Stat. Ann. § 18-6-1 to 18-6-17. The historic preservation division may prepare or contract for the preparation of such publications on the condition that it receives from the sale of the publications the amount expended plus interest on that amount compounded annually at the prime lending rate quoted in the Wall Street Journal on the effective date of the contract until the expended amount is reimbursed in full to the division. All receipts from such sales shall go into a special revolving fund, which is hereby established. The historic preservation division shall adopt rules establishing guidelines and fiscal controls over the use of the revolving fund.