Section 1-9-19 - Voting system revolving fund. - New Mexico Statutes

1-9-19. Voting system revolving fund.

A.     The "voting system revolving fund" is created.  The voting system revolving fund may be used: 

(1)     by the secretary of state to pay for hardware, software, firmware, maintenance and support for voting systems, whether state- or county-owned, certified for use in state elections; and 

(2)     by the counties to finance, by contract, the purchase of voting systems and necessary support equipment under the conditions stated in Section 1-9-17 NMSA 1978; provided that no expenditure shall be made pursuant to this paragraph if it would result in a fund balance of less than one million dollars ($1,000,000). 

B.     The voting system revolving fund may be expended upon vouchers signed by the secretary of finance and administration. 

C.     If at the end of a fiscal year the voting system revolving fund exceeds six million five hundred thousand dollars ($6,500,000), the amount in excess of six million five hundred thousand dollars ($6,500,000) shall revert to the general fund.