New Mexico Statutes 61-6-31. Disposition of funds; New Mexico medical board fund created; method of payments
A. The “New Mexico medical board fund” is created.
Terms Used In New Mexico Statutes 61-6-31
- 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. All funds received by the board and money collected under the Medical Practice Act, the Physician Assistant Act [N.M. Stat. Ann. Chapter 61, Article 6C], the Anesthesiologist Assistants Act [N.M. Stat. Ann. Chapter 61, Article 6D], the Genetic Counseling Act N.M. Stat. Ann. § 61-6A-1 to 61-6A-10, the Polysomnography Practice Act N.M. Stat. Ann. § 61-6B-1 to 61-6B-10, the Impaired Health Care Provider Act [N.M. Stat. Ann. Chapter 61, Article 7], the Naturopathic Doctors’ Practice Act [61-12G-1 through 61- 12G-13 NMSA 1978], the Podiatry Act [N.M. Stat. Ann. Chapter 61, Article 8] and the Naprapathic Practice Act N.M. Stat. Ann. § 61-12F-1 to 61-12F-11 shall be deposited with the state treasurer, who shall place the same to the credit of the New Mexico medical board fund.
C. All payments out of the fund shall be made on vouchers issued and signed by the secretary-treasurer of the board or the designee of the secretary-treasurer upon warrants drawn by the department of finance and administration in accordance with the budget approved by that department.
D. All amounts in the New Mexico medical board fund shall be subject to the order of the board and shall be used only for the purpose of meeting necessary expenses incurred in:
(1) the performance of the provisions of the Medical Practice Act, the Physician Assistant Act, the Anesthesiologist Assistants Act, the Genetic Counseling Act, the Polysomnography Practice Act, the Impaired Health Care Provider Act, the Naturopathic Doctors’ Practice Act, the Podiatry Act and the Naprapathic Practice Act and the duties and powers imposed by those acts;
(2) the promotion of medical education and standards in this state within the budgetary limits; and
(3) efforts to recruit and retain medical and osteopathic physicians for practice in New Mexico.
E. All funds that may have accumulated to the credit of the board under any previous law shall be transferred to the New Mexico medical board fund and shall continue to be available for use by the board in accordance with the provisions of the Medical Practice Act, the Physician Assistant Act, the Anesthesiologist Assistants Act, the Genetic Counseling Act, the Polysomnography Practice Act, the Impaired Health Care Provider Act, the Naturopathic Doctors’ Practice Act, the Podiatry Act and the Naprapathic Practice Act. All money unused at the end of the fiscal year shall not revert, but shall remain in the fund for use in accordance with the provisions of the Medical Practice Act, the Physician Assistant Act, the Anesthesiologist Assistants Act, the Genetic Counseling Act, the Polysomnography Practice Act, the Impaired Health Care Provider Act, the Naturopathic Doctors’ Practice Act, the Podiatry Act and the Naprapathic Practice Act.