Any amount received by the state board of finance in repayment of any emergency loan shall be deposited by the board to the credit of the state board of finance emergency fund if the payment is received during the same fiscal year in which the loan was made. All payments made in any period subsequent to the close of the fiscal year in which the loan was made shall be deposited by the board in the general fund.
History: 1953 Comp., § 11-1-1.4, enacted by Laws 1959, ch. 139, § 4; 1973, ch. 92, § 4.
Structure New Mexico Statutes
Article 1 - State Board of Finance
Section 6-1-2 - State board of finance; loans and grants of emergency funds.
Section 6-1-3 - Loans of emergency funds; terms and conditions for repayment; security and interest.
Section 6-1-4 - Loans or grants obtained by political subdivisions; application of proceeds.
Section 6-1-6 - [Separate accounts.]
Section 6-1-8 to 6-1-12 - Repealed.
Section 6-1-13 - Deposit accounts by state agencies; authorization by state treasurer.