6-3-24. Budget adjustments; authorizations permitted.
111 words·~1 min read·
/nm/chapter-6-public-finances/article-3-state-budgets/6-3-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A state agency may be specifically authorized by law to request a budget adjustment. The amount of budget adjustment authorized may be limited by law. All requests for budget adjustments shall be made in accordance with the procedures set forth in Section 6-3-25 NMSA 1978.
B. The state budget division of the department of finance and administration may approve budget adjustments for state agencies as provided by law. If the budget adjustment results in an increased expenditure of other state funds, internal service funds or interagency transfer funds above the amounts appropriated, such funds are hereby appropriated.
History: 1978 Comp., § 6-3-24, enacted by Laws 1992, ch. 2, § 2.