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2019 New Mexico Statutes
Chapter 6 - Public Finances
Article 4 - State Funds and Capital Programs
Section 6-4-3 - State revenue-sharing trust fund created.
Universal Citation: NM Stat § 6-4-3 (2019)
A. The "state revenue-sharing trust fund" is created. There shall be deposited in the state revenue-sharing trust fund all money allotted to the state government pursuant to the State and Local Fiscal Assistance Act of 1972 as may be amended from time to time.
B. Money deposited in the fund shall be expended only upon appropriation by the legislature and shall be disbursed upon vouchers signed by the secretary of finance and administration.
History: 1953 Comp., § 11-3-7, enacted by Laws 1973, ch. 296, § 1; 1977, ch. 247, § 122.
ANNOTATIONSCompiler's notes. — The State and Local Fiscal Assistance Act of 1972 appeared as 31 U.S.C. § 1221 et seq., before being repealed in 1986.
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