A. There is created the "chiropractic fund".
B. All funds received by the board and money collected under the Chiropractic Physician Practice Act shall be deposited with the state treasurer. The state treasurer shall place the money to the credit of the chiropractic fund.
C. Payments out of the chiropractic fund shall be made on vouchers issued and signed by the superintendent of regulation and licensing upon warrants drawn by the department of finance and administration in accordance with the budget approved by the department of finance and administration.
D. All amounts paid into the chiropractic fund shall be subject to the order of the board and shall only be used for the purpose of meeting necessary expenses incurred in the performance of the purposes of the Chiropractic Physician Practice Act, the duties imposed by that act and the promotion of chiropractic education and standards in this state. All money unused at the end of the fiscal year shall remain in the chiropractic fund for use in accordance with the provisions of the Chiropractic Physician Practice Act to further its purpose.
E. All funds that may have accumulated to the credit of the board under any previous act shall be continued for use by the board in the administration of the Chiropractic Physician Practice Act.
F. The board shall, by rule, designate a portion of the annual licensing fee for the exclusive purposes of investigating and funding hearings regarding complaints against doctors of chiropractic.
History: 1953 Comp., § 67-3-15, enacted by Laws 1968, ch. 3, § 7; 1993, ch. 198, § 7; 2006, ch. 18, § 4.
Delayed repeals. — For delayed repeal of this section, see 61-4-17 NMSA 1978.
The 2006 amendment, effective May 17, 2006, deleted the former requirements in Subsection C that the secretary of the board approve payments out of the chiropractic fund and required that the superintendent of regulation and licensing approve the payments and deleted former Subsection F, which required the treasurer of the board to give bond.
The 1993 amendment, effective June 18, 1993, inserted "Physician" in the first sentence of Subsection B, in the first and second sentences of Subsection D, and in Subsection E; deleted "chiropractic" preceding "board" in Subsection E; added Subsection G; and made minor stylistic changes in Subsections D and E.
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Section 61-4-1 - Short title. (Repealed effective July 1, 2028.)
Section 61-4-2 - Definitions. (Repealed effective July 1, 2028.)
Section 61-4-4 - Application requirements; evaluation. (Repealed effective July 1, 2028.)
Section 61-4-5 - Evidence of graduation; creditation of college. (Repealed effective July 1, 2028.)
Section 61-4-8 - License without examination. (Repealed effective July 1, 2028.)
Section 61-4-9 - Privileges and obligations. (Repealed effective July 1, 2028.)
Section 61-4-9.3 - Use of chiropractic name limited. (Repealed effective July 1, 2028.)
Section 61-4-10 - Refusal, suspension or revocation of license. (Repealed effective July 1, 2028.)
Section 61-4-11 - Criminal offender's character evaluation. (Repealed effective July 1, 2028.)
Section 61-4-12 - Penalties. (Repealed effective July 1, 2028.)
Section 61-4-13 - Annual renewal of license; fee; notice. (Repealed effective July 1, 2028.)
Section 61-4-15 - Exemptions. (Repealed effective July 1, 2028.)
Section 61-4-16 - Existing licensees. (Repealed effective July 1, 2028.)
Section 61-4-17 - Termination of agency life; delayed repeal. (Repealed effective July 1, 2028.)