6-4-2.3. Appropriation contingency fund.
84 words·~1 min read·
/nm/chapter-6-public-finances/article-4-state-funds-and-capital-programs/6-4-2-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is created within the general fund the "appropriation contingency fund". The appropriation contingency fund may be expended only:
A. upon specific authorization by the legislature;
B. as provided in Sections 12-11-23 through 12-11-25 NMSA 1978 in the event there is no surplus of unappropriated money in the general fund and in the amount authorized by the legislature; or
C. as provided in Section 3 [6-4-2.8 NMSA 1978] of this 2025 act.
History: Laws 1991, ch. 10, § 7; 2025, ch. 157, § 4.