New Mexico Statutes 12-6-13. Audit fund; payment for audits; expenses of auditor
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A. There is created in the state treasury the “audit fund” into which the state auditor shall deposit all fees and costs received from agencies audited by him.
Terms Used In New Mexico Statutes 12-6-13
- 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.
B. Payments for salaries and expenses of the state auditor shall be made from the audit fund, and the fund shall not revert at the end of any fiscal year.