Statutes > New Mexico Statutes > Chapter 10 - Public Officers and Employees. > Article 11 - Retirement of Public Officers and Employees Generally, 10-11-1 through 10-11-142. > Section 10-11-128 - Income fund.

Section 10-11-128 - Income fund.

10-11-128. Income fund.

The income fund is the fund to which shall be credited all interest, dividends, rents and other income from investments of the association, all gifts and bequests, all unclaimed member contributions and all other money the disposition of which is not specifically provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978]. There shall be paid or transferred from the income fund all administrative expenses of the association.