2018 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11A - Volunteer Firefighters Retirement
Section 10-11A-3 - Volunteer firefighters retirement fund; creation; transfer of funds from the fire protection fund.
A. There is created the "volunteer firefighters retirement fund" in the state treasury. All annuities and benefits in lieu of annuities shall be paid from the fund as provided in the Volunteer Firefighters Retirement Act.
B. Beginning in fiscal year 1998, the state treasurer shall transfer annually on or before the last day of July seven hundred fifty thousand dollars ($750,000) plus an additional two hundred fifty thousand dollars ($250,000) for fiscal year 1998 plus an additional two hundred fifty thousand dollars ($250,000) for fiscal year 1999 plus an additional five hundred thousand dollars ($500,000) for fiscal year 2000 from the fire protection fund to the credit of the volunteer firefighters retirement fund.
History: Laws 1983, ch. 263, § 3; 1996, ch. 8, § 1; 1997, ch. 150, § 1.
The 1997 amendment, effective June 20, 1997, substituted "1998" for "1997", inserted "plus an additional two hundred fifty thousand dollars ($250,000) for fiscal year 1998 plus an additional two hundred fifty thousand dollars ($250,000) for fiscal year 1999 plus an additional five hundred thousand dollars ($500,000) for fiscal year 2000", and substituted "fire protection" for "general" preceding "fund" in Subsection B.
The 1996 amendment, effective May 15, 1996, substituted "general" for "fire protection" in the section heading, substituted "Beginning in fiscal year 1997" for "Beginning in the seventy-third fiscal year" at the beginning of Subsection B, and substituted "seven hundred fifty thousand dollars ($750,000) from the general fund" for "five hundred thousand dollars ($500,000) from the fire protection fund" in Subsection B.
