New Mexico Statutes
§ 61-29-21 — Fund created
New Mexico § 61-29-21
JurisdictionNew Mexico
Ch. 61Professional and Occupational Licenses
Art. 29Real Estate Brokers and Salesmen
This text of New Mexico § 61-29-21 (Fund created) 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. § 61-29-21 (2026).
Text
There is created in the state treasury a fund which shall be known as the "real estate recovery fund" to be administered by the real estate commission in accordance with the provisions of the Real Estate Recovery Fund Act [61-29-20 to 61-29-29 NMSA 1978]. All money received by the real estate commission pursuant to the Real Estate Recovery Fund Act shall be credited to the real estate recovery fund. The state treasurer may invest money in the real estate recovery fund in United States bonds or treasury certificates under such rules and regulations as may be prescribed by the state board of finance, provided that no investments shall be made which will impair the necessary liquidity required to satisfy judgment payments awarded pursuant to the Real Estate Recovery Fund Act. All interest ear
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Legislative History
Laws 1980, ch. 82, § 2.
Nearby Sections
15
§ 61-1-1
Short title§ 61-1-11
Rules of evidence§ 61-1-12
Record§ 61-1-13
Decision§ 61-1-14
Service of decision§ 61-1-16
Contents of decision§ 61-1-17
Petition for review§ 61-1-18
Repealed§ 61-1-19
Stay§ 61-1-2
Definitions§ 61-1-20
Repealed§ 61-1-21
Power of board to reopen the caseCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 61-29-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/61/61-29-21.