The purpose of the Short-Term Cash Management Act is to ensure an orderly and uninterrupted flow of money to the general fund by anticipating the receipt of taxes and other state revenues into the general fund and authorizing the state treasurer to issue short-term notes payable from those anticipated receipts.
§ 6-12A-2 NMSA 1978
Purpose
Known as the Short-Term Cash Management Act
The act spans §§ 6–6 (15 sections).
Laws 1997, ch. 111, § 2.
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.