2015 New Mexico Statutes
Chapter 6 - Public Finances
Section 5 Financial Control
Section 6-5-6 Determinations to be made prior to issuance of warrants.
6-5-6. Determinations to be made prior to issuance of warrants.
A. No warrant upon the state treasury for the disbursement of funds shall be issued except upon the determination of the division and the state agency that the amount of the expenditure:
(1) does not exceed the appropriation made to the state agency; and
(2) does not exceed the periodic allotment made to the state agency or the unencumbered balance of funds at its disposal unless the warrant includes federal funds that will be receipted based upon established warrant-clearing patterns.
B. The division may implement and perform internal pre-audit and post-audit procedures to monitor and enforce compliance with the provisions of this section. The pre-audit and post-audit procedures may be applied on a stratified or statistical basis.
C. A state agency shall determine that a proposed expenditure is for a public benefit and purpose consistent with the related appropriation and is necessary to carry out the statutory mission of the state agency prior to committing the state to the transaction.
History: 1953 Comp., 11-2-68, enacted by Laws 1957, ch. 252, 7; 1977, ch. 247, 118; 1993, ch. 105, 3; 2003, ch. 273, 4.
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