2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 11 - Acceptance and Disbursement of United States Funds
Section 6-11-3 - Application of money to forest reserve school purposes fund and county road fund; expenditure upon roads; building of roads.
A. Money received under Section 6-11-2 NMSA 1978 shall be applied in the different counties to which it is transmitted as follows:
(1) one-half to the credit of the forest reserve school purposes fund, hereby created; and
(2) one-half to the credit of the county road fund.
B. One-half of the money accruing to any county and duly remitted to the county treasurer to be credited to the county road fund under Subsection A of this section may be expended by the board of county commissioners upon roads within forest reserves in those counties and upon those other roads in the counties deemed by the boards of county commissioners to be necessary or convenient to the public.
History: 1953 Comp., § 11-3-3, enacted by Laws 1978, ch. 128, § 2.
ANNOTATIONSRepeals and reenactments. — Laws 1978, ch. 128, § 2, repealed 11-3-3, 1953 Comp. (former 6-11-3 NMSA 1978), relating to application of money to forest reserve school purposes fund and county road fund, expenditure upon roads and building of roads, and enacted a new section.
Method of distribution provided here is exclusive and must be followed, and school districts of the county must share in the distribution according to that method whether or not forest land is located within their boundaries. 1955 Op. Att'y Gen. No. 55-6224 (decided under former law).
