Section 74-4-4.8 - Storage tank fund created; appropriation. - New Mexico Statutes

74-4-4.8. Storage tank fund created; appropriation.

A.     There is created in the state treasury the "storage tank fund", which shall be administered by the department. All balances in the fund are appropriated to the department for the sole purpose of meeting necessary expenses in the administration and operation of the storage tank program.   

B.     All fees collected pursuant to Subsection D of Section 74-4-4.4 NMSA 1978 shall be transmitted to the state treasurer for credit to the storage tank fund.   

C.     Balances remaining in the storage tank fund at the end of a fiscal year shall not revert to the general fund.