STATE STATUTES & CODES
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NEW MEXICO STATUTES AND CODES
Section 29-19-13 - Fund created.
29-19-13. Fund created.
A. The "concealed handgun carry fund" is created in the state treasury.
B. All money received by the department pursuant to the provisions of the Concealed Handgun Carry Act shall be deposited by the state treasurer for credit to the concealed handgun carry fund. The state treasurer shall invest the fund as all other state funds are invested, and income from the investment of the fund shall be credited to the fund. Balances remaining at the end of any fiscal year shall not revert to the general fund and may be used to maintain the state's criminal history database.
C. Money in the concealed handgun carry fund is appropriated to the department to carry out the provisions of the Concealed Handgun Carry Act.