Capital program; fund created; allocation and expenditure for capital outlay
Known as the Property Control Act
The act spans §§ 15–15 (24 sections).
1953 Comp., § 6-2-44, enacted by Laws 1972, ch. 74, § 3; 1983, ch. 301, § 53; 1978 Comp., § 15-3-23, recompiled and amended as 1978 Comp., § 15-3B-16 by Laws 2001, ch. 319, § 16.
A. The "capital program fund" is created in the state treasury. To this fund shall be credited all appropriations for capital outlay projects under the jurisdiction of the division.
B. The capital program fund shall be allocated by the division for capital outlay projects specified by the legislature in accordance with the provisions of the Property Control Act.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.