The “governor’s contingency fund” is created in the state treasury. The governor’s office shall administer the fund, and money in the fund shall be expended by the governor’s office to pay for expenses directly connected with obligations of the elected office of governor. Expenditures from the fund shall be by warrant of the secretary of finance and administration upon vouchers signed by the governor or the governor’s authorized representative. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall revert to the general fund. Money in the fund shall not be used to pay or supplement the salary of the governor or any state employee or as perquisites or allowances for state employees. The fund is subject to the provisions of the Audit Act N.M. Stat. Ann. § 12-6-1 to 12-6-14, the Procurement Code N.M. Stat. Ann. § 13-1-28 to 13-1-199, the Inspection of Public Records Act [N.M. Stat. Ann. Chapter 14, Article 2] and all other applicable laws and rules. The governor shall provide monthly reports to the department of finance and administration and the legislative finance committee about expenditures from the fund, including an itemized list of expenditures and the balance remaining in the fund.

Terms Used In New Mexico Statutes 6-4-26

  • 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.