The purpose of the Short-Term Cash Management Act is to ensure an orderly and uninterrupted flow of money to the general fund by anticipating the receipt of taxes and other state revenues into the general fund and authorizing the state treasurer to issue short-term notes payable from those anticipated receipts.
History: Laws 1997, ch. 111, ยง 2.
Structure 2021 New Mexico Statutes
Article 12A - Short-Term Cash Management
Section 6-12A-1 - Short title.
Section 6-12A-3 - Definitions.
Section 6-12A-4 - State treasurer certification.
Section 6-12A-5 - Anticipation notes; authorization; state board of finance approval.
Section 6-12A-6 - Source of repayment.
Section 6-12A-7 - Anticipation notes debt service fund created.
Section 6-12A-8 - Proceeds from anticipation notes; anticipation notes fund created; investment.
Section 6-12A-9 - Anticipation notes; legal investment; tax exemption.
Section 6-12A-11 - State treasurer; duty to make payments and keep records.
Section 6-12A-12 - Authority for issuance.
Section 6-12A-13 - Action to compel performance of officers.
Section 6-12A-14 - Anticipation notes exempt from taxation.
Section 6-12A-15 - Anticipation notes not a general obligation of the state.