STATE STATUTES & CODES
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NEW MEXICO STATUTES AND CODES
Section 9-5B-10 - Fund created; disposition.
9-5B-10. Fund created; disposition.
A. The "New Mexico youth conservation corps fund" is created in the state treasury. All appropriations, gifts, devises, grants and donations received shall be deposited in the fund. Money in the fund is appropriated to the commission for the purpose of carrying out the provisions of the New Mexico Youth Conservation Corps Act [9-5B-1 to 9-5B-11 NMSA 1978]. Any interest accruing to the fund shall remain in the fund. Money in the fund shall not revert at the end of a fiscal year.
B. The fund shall be administered by the department. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the chairman of the commission or his designee for the purpose of carrying out the provisions of the New Mexico Youth Conservation Corps Act.