New Mexico Statutes Chapter 22. Public Schools § 22-8-32. Current school fund; receipts; disposition

A. As they are received, the state treasurer shall deposit into the current school fund revenue received from the following sources:

B. At the end of each month, the state treasurer shall transfer the amount in the common school current fund, also known as the common school income fund, to the current school fund.

C. At the end of each month, after the transfer authorized in Subsection B of this section, the state treasurer shall transfer any unencumbered balance in the current school fund to the public school fund.