A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:

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Terms Used In New Mexico Statutes 21-21K-7

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

(1)     the board’s fiscal transactions during the preceding fiscal year;

(2)     the market value of the education trust fund as of the end of the preceding fiscal year;

(3)     the asset allocations of the education trust fund expressed in percentages of stocks, fixed income securities, cash or other financial assets; and

(4)     the rate of return on the investment of the education trust fund’s assets during the preceding fiscal year.

B. The board shall make the report described by Subsection A of this section available to account owners.

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