6-3-23. Budget adjustment defined.
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/nm/chapter-6-public-finances/article-3-state-budgets/6-3-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in Chapter 6, Article 3 NMSA 1978, "budget adjustment" means:
A. an increase or decrease in expenditures from other state funds, internal service funds or interagency transfer;
B. a transfer of funds from one division of an agency to other divisions of that agency;
C. a transfer of funds between budget categories within an agency or a division; or
D. an authorization to expend federal funds.
History: 1978 Comp., § 6-3-23, enacted by Laws 1992, ch. 2, § 1.