N.M. Admin. Code § 2.61.6.10

Current through Register Vol. 36, No. 1, January 14, 2025
Section 2.61.6.10 - ART IN PUBLIC PLACES (AIPP) ACT
A. A portion of appropriations for construction and major renovations shall be set aside for the acquisition or commissioning of works of art to be used in, upon or around public buildings.
(1) "Appropriations for construction and major renovations" include appropriations for that purpose to any public entity from severance tax bonds, general obligation bonds, or supplemental severance tax bonds, both taxable and tax-exempt.
(2) Under the AIPP Act, all agencies shall set aside the lesser of $200,000 or one percent of the amount appropriated for new construction or major renovation (exceeding $100,000) to use for art in, upon or around the building being constructed or renovated. In addition, an amount of money equal to the lesser of $200,000 or one percent of the amount appropriated for new construction or major renovations of auxiliary buildings, as defined in the AIPP Act, shall be accounted for separately and expended for acquisition and installation of art for existing public buildings, as defined.
B. The board's role in administering the AIPP Act is as follows.
(1) After each bond issue, the board submits a list of approved projects to the arts division of the department of cultural affairs, which administers the AIPP fund. The arts division determines which projects the AIPP Act applies to and advises the board accordingly. Based on that determination, the board sets aside the requisite amount from each applicable project in a separate AIPP pooled fund for each bond issue.
(2) When the arts division of the department of cultural affairs is ready to purchase or commission art, the office submits a draw request to the board which then makes the disbursement out of the AIPP project.
C. Frequency - Draw requests are due in the board office by 3:00 p.m. on the 1st and 15th day of each month or by 9:00 a.m. the next business day if the 1st or 15th falls on a weekend or holiday (the "draw request deadline"). Draw requests submitted on or before the draw request deadline will result in funds available six business days after the draw request deadline.

N.M. Admin. Code § 2.61.6.10

2.61.6.10 NMAC - N, 02-28-02; A, 01-15-09; A, 10-15-09; A, 06-28-13
Amended by New Mexico Register, Volume XXVI, Issue 15, August 14, 2015, eff. 8/14/2015