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Current as of January 01, 2024 | Updated by Findlaw Staff
Any amount received by the state board of finance in repayment of any emergency loan shall be deposited by the board to the credit of the state board of finance emergency fund if the payment is received during the same fiscal year in which the loan was made. All payments made in any period subsequent to the close of the fiscal year in which the loan was made shall be deposited by the board in the general fund.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 6. Public Finances § 6-1-5. Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-6-public-finances/nm-st-sect-6-1-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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