AN ACT

RELATING TO WATER; CREATING THE PECOS RIVER BASIN LAND

MANAGEMENT FUND; MAKING APPROPRIATIONS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. PECOS RIVER BASIN LAND MANAGEMENT FUND.--The

"Pecos river basin land management fund" is created in the

state treasury. The fund shall consist of appropriations,

grants, donations or bequests to the fund, all revenues from

land purchased pursuant to Section 72-1-2.4 NMSA 1978 and

income from investment of the fund or money otherwise accruing

to the fund. Money in the fund shall be invested pursuant to

Chapter 6, Article 10 NMSA 1978. The interstate stream

commission shall adopt rules for managing the land, for

depositing revenues from the land and to administer the fund,

and money in the fund is appropriated to the commission to

manage the land purchases pursuant to Section 72-1-2.4 NMSA

1978 and to manage augmentation well fields in the lower Pecos

river basin. Money in the fund shall not revert to any other

fund at the end of a fiscal year. Money in the fund shall be

disbursed on warrants signed by the secretary of finance and

administration pursuant to vouchers signed by the director of

the interstate stream commission or the director's authorized

representative. HB 633

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