New Mexico Statutes 34-6-44. District court alternative dispute resolution fund;
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administration.
Terms Used In New Mexico Statutes 34-6-44
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
A judicial district that collects an alternative dispute resolution fee pursuant to Section 34-6-45 N.M. Stat. Ann. shall create an “alternative dispute resolution fund” of the judicial district. Money in the fund shall be used to defray the cost of operating alternative dispute resolution programs established by judicial district court rule approved by the supreme court, including but not limited to arbitration, mediation and settlement facilitation programs. No part of the fund shall revert at the end of any fiscal year.