New Mexico Statutes Chapter 6. Public Finances § 6-35-4. State fairgrounds district board

A. The district shall for six years be initially governed by a seven-member board composed of:

B. The director of the local government division of the department of finance and administration or the director's designee shall serve as clerk and treasurer of the district.  All meetings of the board shall be open meetings held in accordance with the Open Meetings Act, and the board shall keep the following records, which shall be open to the public:

C. At the end of the initial and each subsequent six-year term, the board may hold an election of new directors by majority vote of qualified electors in accordance with the Local Election Act.  In the absence of an election, the initial seven members shall each serve an additional six-year term, except for a designee who is not an elected official and who shall be replaced by a designee who is an elected official.

D. The board shall separately account for all revenues and indebtedness based on property tax, gross receipts tax and gaming tax distributed to the special fund of the state fairgrounds district.  The board shall individually account for all property tax, gross receipts tax and gaming tax distributed to the special fund of the state fairgrounds district.