New Mexico § 17-1-22.1 Game and fish capital outlay fund; created; transfer of

New Mexico Statutes

§ 17-1-22.1 — Game and fish capital outlay fund; created; transfer of

New Mexico § 17-1-22.1

Ch. 17Game and Fish and Outdoor Recreation

Art. 1State Game Commission

This text of New Mexico § 17-1-22.1 (Game and fish capital outlay fund; created; transfer of) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 17-1-22.1 (2026).

Text

money; state board of finance approval.

A.There is created in the state treasury the "game and fish capital outlay fund".

B.Upon request of the state game commission, approved by the state board of finance, the state treasurer shall transfer to the game and fish capital outlay fund all money in the game and fish bond retirement fund except the amount necessary to meet all principal and interest payments on state game commission bonds due in the ensuing twelve months.

C.Money in the game and fish capital outlay fund may be expended by the department of game and fish to provide for fish hatcheries and rearing facilities, game and fish habitat acquisition, development and improvements and other similar capital projects.

D.Projects to be funded pursuant to Subsection C of this section shal

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money; state board of finance approval. A. There is created in the state treasury the "game and fish capital outlay fund". B. Upon request of the state game commission, approved by the state board of finance, the state treasurer shall transfer to the game and fish capital outlay fund all money in the game and fish bond retirement fund except the amount necessary to meet all principal and interest payments on state game commission bonds due in the ensuing twelve months. C. Money in the game and fish capital outlay fund may be expended by the department of game and fish to provide for fish hatcheries and rearing facilities, game and fish habitat acquisition, development and improvements and other similar capital projects. D. Projects to be funded pursuant to Subsection C of this section shall be approved by the state game commission and the state board of finance prior to any money being encumbered for the project. E. At any time that the game and fish bond retirement fund is insufficient to pay the principal and interest on all bonds which have been issued and are outstanding, the unencumbered balance in the game and fish capital outlay fund shall be transferred to the game and fish bond retirement fund.