New Mexico § 6-3B-2 Definitions

New Mexico Statutes

§ 6-3B-2 — Definitions

New Mexico § 6-3B-2

Ch. 6Public Finances

Art. 3BPublic Finance Accountability

This text of New Mexico § 6-3B-2 (Definitions) 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. § 6-3B-2 (2026).

Text

As used in the Public Finance Accountability Act: A. "annual audit" means the annual audit or examination of the financial affairs of a grantee by an independent auditor required by the Audit Act [12-6-1 through 12-6-15]; B. "department" means the department of finance and administration; C. "grant" means a non-exchange transaction whereby a state agency makes a capital outlay appropriation or other special purpose appropriation available to a grantee; D. "grant agreement" means a written agreement pursuant to which a state agency grants a capital outlay appropriation or other special purpose appropriation to a grantee; E. "grantee" means an entity to which a state agency grants a capital outlay appropriation or other special purpose appropriation; F. "independent auditor" means a certifie

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As used in the Public Finance Accountability Act: A. "annual audit" means the annual audit or examination of the financial affairs of a grantee by an independent auditor required by the Audit Act [12-6-1 through 12-6-15]; B. "department" means the department of finance and administration; C. "grant" means a non-exchange transaction whereby a state agency makes a capital outlay appropriation or other special purpose appropriation available to a grantee; D. "grant agreement" means a written agreement pursuant to which a state agency grants a capital outlay appropriation or other special purpose appropriation to a grantee; E. "grantee" means an entity to which a state agency grants a capital outlay appropriation or other special purpose appropriation; F. "independent auditor" means a certified public accountant or chartered accountant who has been approved by the state auditor to examine financial records and transactions of a grantee to impartially and objectively determine compliance with generally accepted accounting principles and state laws and rules; and G. "state agency" means any department, institution, board, bureau, commission, district or committee of state government.