2015 New Mexico Statutes
Chapter 76 - Agriculture
Section 6B Pink Bollworm Control
Section 76-6B-12 Disposition of assessment proceeds.
76-6B-12. Disposition of assessment proceeds.
Money collected by a local pink bollworm control committee is not state funds and is not required to be deposited in the state treasury. A local committee shall deposit all money collected in a state chartered bank or other insured depository. Funds collected by local committees shall be held separate from each other. Money remaining after the abolishment of a pink bollworm control district shall be distributed to cotton producers in proportion to the percentage they contributed during the life of the pink bollworm control district.
History: Laws 2001, ch. 13, 12.
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