N.M. Stat. § 6-1-2
This is the official text of N.M. Stat. § 6-1-2, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 6-1-2. State board of finance; loans and grants of emergency funds
Official statutory text
If the state board of finance determines that an emergency exists that warrants such action, it may lend or grant to any state agency, board, commission, municipal corporation or other political subdivision organized under the laws of the state or any Indian nation, tribe or pueblo located in whole or in part in New Mexico that sum of money the board determines reasonable and appropriate from any funds appropriated to the board for use in meeting emergencies. As used in this section, “ emergency ” means an unforeseen occurrence or circumstance severely affecting the quality of government services and requiring the immediate expenditure of money that:
A. is not within the available resources of the state agency, board, commission, municipal corporation or other political subdivision or the Indian nation, tribe or pueblo located in whole or in part in New Mexico as determined by the state board of finance; and
B. if subject to appropriation, cannot reasonably await appropriation by the next regular session of the legislature.
A. is not within the available resources of the state agency, board, commission, municipal corporation or other political subdivision or the Indian nation, tribe or pueblo located in whole or in part in New Mexico as determined by the state board of finance; and
B. if subject to appropriation, cannot reasonably await appropriation by the next regular session of the legislature.
Status: in_force
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