New Mexico Statutes 10-7C-16. Retiree health care fund; budget
Current as of: 2023 | Check for updates
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Expenditures for the administration of the Retiree Health Care Act shall be made as provided by an operating budget adopted by the board and approved by the state budget division of the department of finance and administration as provided by law and pursuant to appropriation by the legislature.
Terms Used In New Mexico Statutes 10-7C-16
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization