Section 58-30-5 - Responsibilities of the office. - New Mexico Statutes

58-30-5. Responsibilities of the office.

A.     The office shall adopt rules implementing the provisions of the Individual Development Account Act [58-30-1 NMSA 1978].

B.     The director shall make an annual report each November to the governor and to the legislative finance committee.

C.     The office shall use no more than five percent of the money appropriated to fund the Individual Development Account Act to administer that act.