NMSA 22-14-9. Custody of funds; budgets; disbursements

The state treasurer must keep federal aid funds as custodian and in separate accounts. Certain vocational education and vocational rehabilitation funds must be disbursed through the department of finance and administration using the specified voucher process.

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Jurisdiction: United States — New Mexico
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Updated: 12 Jul 2026
Official source: View official record ↗

budgeting disbursement fund custody

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Provisions of NMSA 22-14-9. Custody of funds; budgets; disbursements

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22-14-9
NMSA 22-14-9. Custody of funds; budgets; disbursements
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AI-assisted research summary: The state treasurer must keep federal aid funds as custodian and in separate accounts. Certain vocational education and vocational rehabilitation funds must be disbursed through the department of finance and administration using the specified voucher process.

22-14-9. Custody of funds; budgets; disbursements. A. The state treasurer shall be the custodian of all federal aid funds. The state treasurer shall hold these funds in separate accounts according to the purposes of the funds. B. All state funds, federal aid funds or grants to the state relating to vocational education shall be budgeted and accounted for as provided by law and by the rules of the department of finance and administration. These funds or grants shall be disbursed by warrants of the department of finance and administration on vouchers issued by the director of the instructional support and vocational education division or the director's authorized representative. C. All state funds, federal aid funds or grants to the state relating to vocational rehabilitation shall be budgeted and accounted for as provided by law and by the rules of the department of finance and administration. These funds or grants shall be disbursed by warrants of the department of finance and administration on vouchers issued by the director of the vocational rehabilitation division or the director’s authorized representative. D. All federal aid funds received by the state to be used for vocational education or vocational rehabilitation programs may be expended in any succeeding year from the year received. History: 1953 Comp., § 77-12-8, enacted by Laws 1967, ch. 16, § 198; 2005, ch. 328, § 7.

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NMSA 22-14-9. Custody of funds; budgets; disbursements

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