2020 New Mexico Statutes
Chapter 66 - Motor Vehicles
Article 2 - Motor Vehicle Division of Taxation and Revenue Department
Section 66-2-7.2 - Royalties; commercial users of motor vehicle-related databases; distribution to motor vehicle suspense fund.

Universal Citation:
NM Stat § 66-2-7.2 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

The department shall remit royalties and other consideration paid by commercial users of databases of motor vehicle-related records of the department pursuant to Subsection C of Section 14-3-15.1 NMSA 1978 to the motor vehicle suspense fund to be distributed in accordance with Section 66-6-23 NMSA 1978 and Subsection F of Section 66-6-13 NMSA 1978. Royalties and other consideration paid to the department pursuant to this section are appropriated to the department for expenditure in fiscal year 2010 and subsequent fiscal years pursuant to this section. Unexpended and unencumbered balances of the amounts received pursuant to Subsection C of Section 14-3-15.1 NMSA 1978 shall not revert to the general fund at the end of any fiscal year.

History: Laws 2005, ch. 20, § 2; 2009, ch. 156, § 1.

ANNOTATIONS

Cross references. — For the motor vehicle suspense fund, see 66-6-22.1 NMSA 1978.

The 2009 amendment, effective July 1, 2009, after "Section 66-6-23 NMSA 1978", added the remainder to the sentence, and added the second and third sentences.

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