Section 76-21-21 - Disposition of funds. - New Mexico Statutes

76-21-21. Disposition of funds.

A.     All funds received by the commission shall be received by the commission and disbursed directly by the commission according to procedures approved by the director and shall be subject to audit by the state auditor at his discretion. The commission is not required to submit vouchers, purchase orders or contracts to the department of finance and administration as otherwise required by Section 6-5-3 NMSA 1978.   

B.     The commission shall issue warrants against funds of the commission in payment of its lawful obligations. The commission shall provide its own warrants, purchase orders and contract forms as well as other supplies and equipment. All warrants shall be signed by two officers or employees designated by the commission.   

C.     The commission shall designate banks where its funds are to be deposited, provided such banks have been qualified as depository banks for state funds.