New Mexico Statutes Chapter 6. Public Finances § 6-4-2.8. Transfer;  appropriation contingency fund to natural disaster revolving fund

Within thirty days after August 1 of each year through 2028, the secretary of finance and administration shall calculate the unexpended and unencumbered balance of the natural disaster revolving fund and, subject to availability of funds, transfer from the appropriation contingency fund to the natural disaster revolving fund an amount not greater than fifty million dollars ($50,000,000) less the balance of the natural disaster revolving fund.  If the unexpended and unencumbered balance of the natural disaster revolving fund is equal to or greater than fifty million dollars ($50,000,000), no transfer shall be made.