New Mexico Statutes 66-3-424.42. Special support for the national FFA organization registration plate
A. The division shall issue a standardized special registration plate with a logo specified in Section 66-3-424 N.M. Stat. Ann. indicating support for the national FFA organization.
Terms Used In New Mexico Statutes 66-3-424.42
- 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. For a fee of thirty-five dollars ($35.00), which shall be in addition to the regular motor vehicle registration fees, the owner of a vehicle may apply for issuance of a special support for the national FFA organization registration plate. The owner shall apply and pay a fee of twenty-five dollars ($25.00) each year to retain and renew the special support for the national FFA organization registration plate.
C. Revenue from the additional fees for a special support for the national FFA organization registration plate shall be distributed as follows:
(1) twelve dollars ($12.00) of the initial fee collected shall be retained by and is appropriated to the department to defray the cost of making and issuing the special registration plate with the support for the national FFA logo; and
(2) twenty-three dollars ($23.00) of the initial fee and all of the fee for retention and renewal shall be distributed and is appropriated to the board of regents of New Mexico state university for the New Mexico department of agriculture to fund statewide programs for active national FFA chapters.
D. Beginning on July 1, 2026, and on July 1 of each subsequent year, the department shall compare the number of the special support for the national FFA organization registration plates issued or renewed in the previous fiscal year with the average of the number of such plates issued in fiscal years 2024 and 2025.
E. By September 1 of a fiscal year in which the department determines that the number of special support for the national FFA organization registration plates issued or renewed in the previous fiscal year is less than fifty percent of the average number of such plates issued in fiscal years 2024 and 2025, the department shall stop issuing special support for the national FFA organization registration plates.