2016 New Mexico Statutes
Chapter 15 - Administration of Government
Article 3B - Property Control
Section 15-3B-18 - Public buildings repair fund; created; expenditures.
15-3B-18. Public buildings repair fund; created; expenditures.
A. The "public buildings repair fund" is created in the state treasury. The fund shall consist of appropriations, building use fees, concession fees, gifts, grants, donations and bequests. Money in the fund shall not revert at the end of any fiscal year. The fund shall be administered by the division.
B. Expenditures may be made from the public buildings repair fund only for operating expenses of the division and necessary repair, renovation and purchase of physical plant equipment for public buildings under the jurisdiction of the division.
C. The division shall establish priorities for the use of the public buildings repair fund and shall submit to the legislature in each regular session a list of recommended expenditures to be made from the fund in the following fiscal year. The public buildings repair fund shall be expended pursuant to appropriations by the legislature.
History: Laws 1996, ch. 46, 1; 1978 Comp., 15-3-11.1, recompiled and amended as 1978 Comp., 15-3B-18 by Laws 2001, ch. 319, 18.
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