Section 58-30-13 - Individual development fund created. - New Mexico Statutes

58-30-13. Individual development fund created.

The "individual development fund" is created in the state treasury.  The fund shall consist of appropriations, gifts, grants, donations and bequests made to the fund.  Income from the fund shall be credited to the fund, and money in the fund shall not be transferred to any other fund at the end of a fiscal year.  Money in the fund is appropriated to the office for the purposes of carrying out the provisions of the Individual Development Account Act [58-30-1 NMSA 1978].  Expenditures shall be made on warrant of the secretary of finance and administration pursuant to vouchers signed by the director or the director's designee.