A. There is created in the state treasury a “disability fund”. All funds, gifts, donations, bequests and other income of the governor’s commission on disability shall be deposited by the director of the commission in the fund and shall be appropriated to the commission to further the purpose of Sections 28-10-1 through 28-10-8.1 N.M. Stat. Ann. or for the purposes stated by the donor or grantor of the funds.

Terms Used In New Mexico Statutes 28-10-5

  • Donor: The person who makes a gift.
  • Grantor: The person who establishes a trust and places property into it.

B. Distributions made to the disability fund from the housing modification for persons with a disability permanent fund shall constitute a separate account in the fund and are appropriated to the governor’s commission on disability for the purpose of carrying out a residential accessibility modification program.

C. Money in the disability fund shall not revert but shall be used only as provided in Sections 28-10-1 through 28-10-8.1 N.M. Stat. Ann..

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