The "New Mexico compilation fund" is created as a nonreverting fund in the state treasury. The fund consists of filing, licensing and other fees; gifts, grants and donations; appropriations; and any other money credited to the fund. The fund shall be administered by the New Mexico compilation commission, and money in the fund is appropriated to the commission to carry out the purposes of Chapter 12, Article 1 NMSA 1978. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the executive director of the commission or the executive director's authorized representative.
History: 1941 Comp., § 1-123, enacted by Laws 1953, ch. 39, § 5; 1953 Comp., § 1-1-5; 2019, ch. 74, § 5.
The 2019 amendment, effective May 3, 2019, designated the New Mexico compilation fund as a nonreverting fund in the state treasury, provided that the fund consists of filing, licensing and other fees, gifts, grants, donations and appropriations, and provided that money in the fund is appropriated to the commission to carry out its duties; added the section heading; and deleted "There is hereby established in the state treasury a fund to be known as", and after "'New Mexico compilation fund'", added the remainder of the section.
Structure New Mexico Statutes
Chapter 12 - Miscellaneous Public Affairs Matters
Article 1 - Compilation Commission
Section 12-1-1 - Ratification of contract.
Section 12-1-2 - New Mexico compilation commission; creation.
Section 12-1-3 - Powers of commission.
Section 12-1-3.1 - Additional powers of commission; master database.
Section 12-1-5 - New Mexico compilation fund; created.
Section 12-1-7 - Recognition as official compilation.
Section 12-1-8 - Rules of construction governing compilation of statutes.
Section 12-1-9 - Fee levy on actions filed.
Section 12-1-10 - Applicability [of increased fee].
Section 12-1-11 - Issuance of debentures.
Section 12-1-12 - [Sale of debentures.]