New Mexico § 6-8-6 Transfer of investment powers

New Mexico Statutes

§ 6-8-6 — Transfer of investment powers

New Mexico § 6-8-6

Ch. 6Public Finances

Art. 8Investment of Public Money

This text of New Mexico § 6-8-6 (Transfer of investment powers) 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. § 6-8-6 (2026).

Text

The functions, powers and duties vested by law relating to the investment or reinvestment of money and the purchase, sale or exchange of investments or securities of the permanent fund are transferred to the state investment officer. The state treasurer shall maintain custody of the state permanent fund but shall at all times render the fund or any part of it available for investment in accordance with the provisions of Sections 6- 8-1 through 6-8-18 NMSA 1978. Any provision of existing law requiring or designating an elected state official to serve by virtue of his office in an active or advisory capacity concerning the investment of the state permanent fund shall be inoperative.

Free access — add to your briefcase to read the full text and ask questions with AI

The functions, powers and duties vested by law relating to the investment or reinvestment of money and the purchase, sale or exchange of investments or securities of the permanent fund are transferred to the state investment officer. The state treasurer shall maintain custody of the state permanent fund but shall at all times render the fund or any part of it available for investment in accordance with the provisions of Sections 6- 8-1 through 6-8-18 NMSA 1978. Any provision of existing law requiring or designating an elected state official to serve by virtue of his office in an active or advisory capacity concerning the investment of the state permanent fund shall be inoperative.