46th legislature - STATE OF NEW MEXICO - first session, 2003
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.--[Thirty days from the taking effect of Chapter 6,
Article 10 NMSA 1978] 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 [which] 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."