A. For each fiscal year, the amount to be distributed by the marshal pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 N.M. Stat. Ann. is appropriated from the fire protection fund to the state fire marshal for the purpose of making the following distributions:

Terms Used In New Mexico Statutes 59A-53-5.2

  • 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.

(1)     the total amount to be distributed during the fiscal year pursuant to Sections 59A-53-4, 59A-53-5 and 59A-53-5.1 N.M. Stat. Ann.;

(2)     the total amount of other appropriations from the fire protection fund for the fiscal year;

fund;

(3)     on June 30, 2017, no distribution shall be made to the fire protection grant (4)     in fiscal years 2019 through 2021, periodic allotments not to exceed forty and two-tenths percent of the projected remaining balance in the fire protection fund shall be distributed to the fire protection grant fund; and

(5)     beginning in fiscal year 2022, periodic allotments equaling the total projected remaining balance in the fire protection fund shall be distributed to the fire protection grant fund.

B. As of June 30 of each year, the remaining unexpended balance in the fire protection fund shall be transferred to the general fund.

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