New Mexico § 59A-53-5.2 Appropriations and transfers from the fire protection

New Mexico Statutes

§ 59A-53-5.2 — Appropriations and transfers from the fire protection

New Mexico § 59A-53-5.2

Ch. 59AInsurance Code

Art. 53Fire Protection Fund

This text of New Mexico § 59A-53-5.2 (Appropriations and transfers from the fire protection) 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. § 59A-53-5.2 (2026).

Text

fund. A. For each fiscal year, the amount to be distributed by the marshal pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 NMSA 1978 is appropriated from the fire protection fund to the state fire marshal for the purpose of making the following distributions:

(1)the total amount to be distributed during the fiscal year pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 NMSA 1978;

(2)the total amount of other appropriations from the fire protection fund for the fiscal year;

(3)on June 30, 2017, no distribution shall be made to the fire protection grant fund;

(4)in fiscal years 2019 through 2021, periodic allotments not to exceed forty and two-tenths percent of the projected remaining balance in the fire protection fund shall be distributed to the fire protection grant fund; a

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fund. A. For each fiscal year, the amount to be distributed by the marshal pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 NMSA 1978 is appropriated from the fire protection fund to the state fire marshal for the purpose of making the following distributions: (1) the total amount to be distributed during the fiscal year pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 NMSA 1978; (2) the total amount of other appropriations from the fire protection fund for the fiscal year; (3) on June 30, 2017, no distribution shall be made to the fire protection grant fund; (4) in fiscal years 2019 through 2021, periodic allotments not to exceed forty and two-tenths percent of the projected remaining balance in the fire protection fund shall be distributed to the fire protection grant fund; and (5) beginning in fiscal year 2022, periodic allotments equaling the total projected remaining balance in the fire protection fund shall be distributed to the fire protection grant fund. B. As of June 30 of each year, the remaining unexpended balance in the fire protection fund shall be transferred to the general fund.