New Mexico Statutes
§ 6-1-2 — State board of finance; loans and grants of emergency funds
If the state board of finance determines that an emergency exists that warrants such action, it may lend or grant to any state agency, board, commission, municipal corporation or other political subdivision organized under the laws of the state or any Indian nation, tribe or pueblo located in whole or in part in New Mexico that sum of money the board determines reasonable and appropriate from any funds appropriated to the board for use in meeting emergencies. As used in this section, "emergency" means an unforeseen occurrence or circumstance severely affecting the quality of government services and requiring the immediate expenditure of money that: A. is not within the available resources of the state agency, board, commission, municipal corporation or other political subdivision or the In
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New Mexico § 6-1-2 (State board of finance; loans and grants of emergency funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 11-1-1.1, enacted by Laws 1959, ch. 139, § 1; 1973, ch. 92, §
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
Definitions§ 6-10-1.2
Payment methods authorized; fee§ 6-10-10
Deposit and investment of funds