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§ 6-3B-5 NMSA 1978

Duties of the department

Known as the Public Finance Accountability Act

The act spans §§ 6–6 (6 sections).

Laws 2025, ch. 154, § 5.

The department shall:

A. prescribe procedures, policies and processing and appeal documents to implement the funding criteria and grant management requirements set forth in Sections 3 [ 6-3B-3 NMSA 1978] and 4 [ 6-3B-4 NMSA 1978] of the Public Finance Accountability Act;

B. prescribe one or more capital outlay grant agreement templates for use by state agencies;

C. develop criteria for granting requests for deviations from its grant agreement templates and grant management and oversight requirements; and

D. monitor and enforce state agencies' compliance with the funding criteria and grant management and oversight requirements of Sections 3 and 4 of the Public Finance Accountability 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.