The “Pecos river basin land management fund” is created in the state treasury. The fund shall consist of appropriations, grants, donations or bequests to the fund, income from land and water rights purchased pursuant to N.M. Stat. Ann. Chapter 72, Article 1, revenue from land sold pursuant to N.M. Stat. Ann. Chapter 72, Article 1 and income from investment of the fund or money otherwise accruing to the fund. Money in the fund shall be invested pursuant to N.M. Stat. Ann. Chapter 6, Article 10. The interstate stream commission shall adopt rules for managing the land, for depositing revenues from the land and to administer the fund, and money in the fund is appropriated to the commission to manage the land purchases pursuant to Section 72-1-2.4 N.M. Stat. Ann. and to manage augmentation well fields in the lower Pecos river basin. Money in the fund shall not revert to any other fund at the end of a fiscal year. Money in the fund shall be disbursed on warrants signed by the secretary of finance and administration pursuant to vouchers signed by the director of the interstate stream commission or the director’s authorized representative.

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Terms Used In New Mexico Statutes 72-1-2.5

  • 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.