2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 29 - Tribal Infrastructure Act
Section 6-29-9 - Tribal capital outlay reversions.
A. The unexpended balances of a capital outlay appropriation made after January 1, 2007 from the general fund to the department or to the aging and long-term services department for projects located on lands of an Indian nation, tribe or pueblo shall revert to the project fund.
B. For the purpose of this section, "unexpended balance" means the remainder of an appropriation after reserving for unpaid costs and expenses covered by binding written obligations to third parties.
History: Laws 2008, ch. 81, § 3.
ANNOTATIONSCross references. — For the aging and long-term services department, see 9-23-1 NMSA 1978 et seq.
Effective dates. — Laws 2008, ch. 81 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 14, 2008, 90 days after the adjournment of the legislature.
