N.M. Stat. § 3-18-15
Works of art; other works; acquisition and maintenance.
A municipality may acquire works of art and other works of historical, classical or
general interest and establish museums or other suitable facilities for their care and
preservation. It may, through its appropriate administrative authority, trade, barter and
exchange items of value with other museums or persons for items of equal or similar
value for such times and on such terms as appear suitable to carry out the public
purposes of the museums. It may accept and reject gifts through its appropriate
administrative authority subject to the terms and conditions of the gifts.