New Mexico Statutes 75-10-3. Definitions
As used in the Natural Heritage Conservation Act:
Terms Used In New Mexico Statutes 75-10-3
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. “committee” means the natural lands protection committee;
B. “conservation entity” means a private nonprofit charitable corporation or trust authorized to do business in New Mexico that has tax-exempt status as a public charity pursuant to the federal Internal Revenue Code of 1986 and that has the power to acquire, hold or maintain land or interests in land;
C. “conservation project” means the acquisition of conservation or agricultural easements from a willing seller or a land restoration project;
D. “department” means the energy, minerals and natural resources department; E. “fund” means the natural heritage conservation fund; and
F. “qualified entity” means a state agency, a state educational institution named in Article 12, § 11 of the constitution of New Mexico, a political subdivision of the state or, for conservation projects wholly within New Mexico, an Indian tribe or pueblo.