AN ACT
RELATING TO STATE FUNDS; PERMITTING
CERTAIN DEPOSITS OF STATE FUNDS BY THE OFFICE OF CULTURAL AFFAIRS; AMENDING
SECTION 6‑10-3 NMSA 1978 (BEING LAWS 1923, CHAPTER 76, SECTION 2, AS
AMENDED).
BE IT ENACTED BY THE LEGISLATURE OF
THE STATE OF NEW MEXICO:
Section 1. Section 6-10-3 NMSA 1978 (being Laws 1923,
Chapter 76, Section 2, as amended) is amended to read:
"6-10-3. PAYMENT OF STATE MONEY INTO
TREASURY--SUSPENSE FUNDS.--All public money in the custody or under the control
of any state official or agency obtained or received by any official or agency
from any source, except as in Section 6‑10‑54 NMSA 1978 provided,
shall be paid into the state treasury.
It is the duty of every official or person in charge of any state agency
receiving any money in cash or by check, draft or otherwise for or on behalf of
the state or any agency thereof from any source, except as in Section 6-10-54 NMSA
1978 provided, to forthwith and before the close of the next succeeding
business day after the receipt of the money to deliver or remit it to the state
treasurer. Provided, however, that the
money collected by the state park and recreation division of the energy,
minerals and natural resources department and the state monuments of the museum
division of the office of cultural affairs shall be deposited into the state
treasury no later than ten days following collection. Provided that county treasurers shall remit
all money received for taxes for state purposes or that are by law required to
be remitted to the state treasurer on or before the tenth day of the next
succeeding month following the receipt or collection thereof. Provided further that every official or
person in charge of any state agency receiving any money, except as in Section
6-10-54 NMSA 1978 provided, in cash or by check, draft or otherwise, on
deposit, in escrow or in evidence of good faith to secure the performance of
any contract or agreement with the state or with any department, institution or
agency of the state, which money has not yet been earned so as to become the
absolute property of the state, shall deliver or remit to the state treasurer
within the times and in the manner in this section provided, which money shall
be by the state treasurer deposited in a suspense account to the credit of the
proper official, person, board or bureau in charge of any state agency so
receiving the money; provided, however, that all money held by the commissioner
of public lands on deposit, in escrow or in evidence of good faith to secure
the performance of any contract or agreement with the state shall be delivered
or remitted to the state treasurer within six months from the date this act is approved
and at those times, in the amounts and from the various banks in which it is
deposited as may be directed by the state board of finance."
HB 523
Page 2