New Mexico Statutes 24-5A-5. Authorized uses of the vaccine purchasing fund
A. The fund shall be used for the purchase, storage and distribution of vaccines, as recommended by the advisory committee on immunization practices, for insured children who are not eligible for the vaccines for children program.
Terms Used In New Mexico Statutes 24-5A-5
- 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. The department shall credit any balance remaining in the fund at the end of the fiscal year toward the department’s purchase of vaccines the following year; provided that the department maintains a reserve of ten percent of the amount estimated to be expended in the following year.
C. The fund shall not be used:
(1) for the purchase, storage and distribution of vaccines for children who are eligible for the vaccines for children program;
(2) for administrative expenses associated with the statewide vaccine purchasing program; or
(3) to pass through a federally negotiated discount pursuant to 42 U.S.C.
1396s.