The division shall determine the amount to be made available for the purchase of art, in consultation with the contracting agency responsible for the building to be constructed or renovated, and payments thereof shall be made in accordance with law. All agencies shall notify the division in writing upon legislative approval of construction budgets. One percent of the total appropriation for new construction or renovation of any building shall be deposited into the art in public places fund after the issuance of the appropriate bonds. If the entire one percent of the total funds appropriated for a particular building is not required for the project, the remainder shall accumulate in the art in public places fund and shall be accounted for separately and expended for the acquisition of art for existing buildings, as determined by the division. Any money remaining in the fund at the end of each fiscal year shall not revert but shall remain in the art in public places fund to be used to implement the purposes of the Art in Public Places Act.
History: Laws 1986, ch. 11, § 7.
Compiler's notes. — Laws 1986, ch. 11, § 13, which was to repeal this article effective January 1, 1990, was repealed by Laws 1989, ch. 178, § 2.
Structure New Mexico Statutes
Chapter 13 - Public Purchases and Property
Article 4A - Art in Public Places
Section 13-4A-1 - Short title.
Section 13-4A-2 - Legislative declaration.
Section 13-4A-3 - Definitions.
Section 13-4A-4 - Allocation of construction costs.
Section 13-4A-5 - Art in public places fund; creation.
Section 13-4A-6 - Works of art.
Section 13-4A-7 - Administration of the program.
Section 13-4A-8 - Artist selection.
Section 13-4A-9 - Separate contracts.