A. The "concealed handgun carry fund" is created in the state treasury.
B. All money received by the department pursuant to the provisions of the Concealed Handgun Carry Act shall be deposited by the state treasurer for credit to the concealed handgun carry fund. The state treasurer shall invest the fund as all other state funds are invested, and income from the investment of the fund shall be credited to the fund. Balances remaining at the end of any fiscal year shall not revert to the general fund and may be used to maintain the state's criminal history database.
C. Money in the concealed handgun carry fund is appropriated to the department to carry out the provisions of the Concealed Handgun Carry Act.
History: Laws 2003, ch. 255, § 13.
Effective dates. — Laws 2003, ch. 255, § 16 made Laws 2003, ch. 255, § 13 effective July 1, 2003.
Severability. — Laws 2003, ch. 255, § 15 provided for the severability of the act if any part or application thereof is held invalid.
Structure New Mexico Statutes
Article 19 - Concealed Handgun Carry
Section 29-19-1 - Short title.
Section 29-19-2 - Definitions.
Section 29-19-3 - Date of licensure; period of licensure.
Section 29-19-4 - Applicant qualifications.
Section 29-19-5 - Application form; screening of applicants; fee; limitations on liability.
Section 29-19-8 - Limitation on license.
Section 29-19-9 - Possession of license.
Section 29-19-10 - Validity of license on tribal land.
Section 29-19-11 - Validity of license in a courthouse or court facility.
Section 29-19-12 - Rules; department to administer; reciprocal agreements with other states.