The "wholesale prescription drug importation fund" is created as a nonreverting fund in the state treasury. The fund consists of money received by the state through the implementation of the program pursuant to the Wholesale Prescription Drug Importation Act and appropriations, gifts, grants, donations to the fund and income from investment of the fund. The department shall administer the fund, and money in the fund is subject to appropriation by the legislature and shall be expended only as provided in the appropriation. Expenditures shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of health or the secretary's authorized representative.
History: Laws 2020, ch. 45, § 9.
Emergency clauses. — Laws 2020, ch. 45, § 11 contained an emergency clause and was approved March 4, 2020.
Structure New Mexico Statutes
Chapter 26 - Drugs and Cosmetics
Article 4 - Wholesale Prescription Drug Importation
Section 26-4-3 - Advisory committee created; membership; duties.
Section 26-4-4 - Wholesale prescription drug importation program created.
Section 26-4-5 - Monitoring for anti-competitive behavior.
Section 26-4-6 - Federal compliance.
Section 26-4-7 - Implementation.
Section 26-4-8 - Annual reporting.
Section 26-4-9 - Wholesale prescription drug importation fund.
Section 26-4-10 - Countries other than Canada allowed by federal law.