§ 12-11-23 NMSA 1978

Because of the existing possibility of the occurrence of disasters resulting from drouth [drought], fire, flood, earthquake or other causes, and in order to insure [ensure] that preparation of this state will be adequate to deal with such disasters, and generally to protect the peace, health and safety and to preserve the lives and property of the people of the state of New Mexico, it is hereby found and declared to be necessary to establish a source of emergency funds.