New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 30 - Individual Development Account

Section 58-30-1 - Short title. - Chapter 58, Article 30 NMSA 1978 may be cited as...

Section 58-30-2 - Definitions. - As used in the Individual Development Account Act: A. "account...

Section 58-30-3 - Individual development accounts. - An individual development account may be established for an eligible...

Section 58-30-4 - Eligible individuals. - A. Except as set forth in Subsections B and C...

Section 58-30-5 - Responsibilities of the department. - A. The department shall adopt rules implementing the provisions of...

Section 58-30-6 - Individual development account council. - A. The "individual development account council" is created. The council...

Section 58-30-7 - Administration of individual development account programs. - A. An individual development account may be established for an...

Section 58-30-8 - Allowable uses; withdrawals from individual development accounts; forfeiture of matching funds from reserve account; loss of eligible individual status. - A. Allowable uses of the money withdrawn from an individual...

Section 58-30-9 - Approval of individual development account programs. - A. The department shall issue a request for proposals from...

Section 58-30-10 - Termination of individual development account programs. - A. An individual development account program shall be terminated if...

Section 58-30-11 - Reporting. - A program administrator operating an individual development account program pursuant...

Section 58-30-12 - Account funds disregarded for purposes of certain means-tested programs. - A. Money deposited into an individual development account, interest earned...

Section 58-30-13 - Individual development fund created. - The "individual development fund" is created in the state treasury....