2017 New Mexico Statutes
Chapter 1 - Elections
Article 9 - Voting Machines
Section 1-9-19 - Voting system revolving fund.
1-9-19. Voting system revolving fund.
A. The "voting system revolving fund" is created. The voting system revolving fund may be used:
(1) by the secretary of state to pay for hardware, software, firmware, maintenance and support for voting systems, whether state- or county-owned, certified for use in state elections; and
(2) by the counties to finance, by contract, the purchase of voting systems and necessary support equipment under the conditions stated in Section 1-9-17 NMSA 1978; provided that no expenditure shall be made pursuant to this paragraph if it would result in a fund balance of less than one million dollars ($1,000,000).
B. The voting system revolving fund may be expended upon vouchers signed by the secretary of finance and administration.
C. If at the end of a fiscal year the voting system revolving fund exceeds six million five hundred thousand dollars ($6,500,000), the amount in excess of six million five hundred thousand dollars ($6,500,000) shall revert to the general fund.
History: 1978 Comp., 1-9-19, enacted by Laws 1985, ch. 207, 18; 2001, ch. 233, 14; 2003, ch. 356, 27; 2010, ch. 28, 20.