New Mexico § 16-6-15 - Additional powers

§ 16-6-15. Additional powers

In addition to the powers that it may now have, the New Mexico state fair shall have

power to: A. acquire, by purchase, gift or the exercise of the right of eminent domain, and

hold and dispose of real or personal property or rights or interests therein except

as limited by Section 13-6-2.1 NMSA 1978 , which provisions requiring state board of finance approval of certain actions are

applicable to the state fair. The right of eminent domain shall be exercised in the same manner as is provided

for the exercise of such power by the state or any county, municipality or school

district; B. build, construct, improve, repair or maintain buildings, structures, improvements,

grounds and equipment that may be required by or convenient for the purpose of operating

a state fair; C. acquire any project and to own, operate and maintain such project; D. accept grants of money, materials or property of any kind from a federal agency

upon such terms and conditions as the federal agency may impose; E. borrow money and issue bonds and provide for the payment of the same and for the

rights of the holders thereof; provided that the commission shall not issue bonds,

negotiate loans or renegotiate loans without the prior approval of the state board

of finance; and F. perform all acts and do all things necessary or convenient to carry out the powers

granted in Chapter 16, Article 6 NMSA 1978, or heretofore granted, to obtain loans or grants or both from any federal agency

and to accomplish the purposes of that article and secure the benefits of the Recovery

Act. 1 1

48 Stat. 195.