New Mexico Statutes Chapter 6. Public Finances § 6-34-13. Excess revenue to the general fund; opportunity enterprise revolving fund; transfer

A. If, on June 30, 2028 and by June 30 of each fiscal year thereafter, the balance in the fund for that fiscal year exceeds the annual average amount by an amount greater than six percent, the amount in excess of six percent shall be transferred to the general fund. If there is not an excess amount pursuant to this section, no transfer shall be made from the fund.

B. As used in this section, “annual average amount” means the total balance of the fund in the immediately preceding five fiscal years, divided by five.