Statutes > New Mexico Statutes > Chapter 15 - Administration of Government. > Article 3B - Property Control, 15-3B-1 through 15-3B-21. > Section 15-3B-16 - Capital program; fund created; allocation and expenditure for capital outlay.

Section 15-3B-16 - Capital program; fund created; allocation and expenditure for capital outlay.

15-3B-16. Capital program; fund created; allocation and expenditure for capital outlay.

A.     The "capital program fund" is created in the state treasury. To this fund shall be credited all appropriations for capital outlay projects under the jurisdiction of the division.   

B.     The capital program fund shall be allocated by the division for capital outlay projects specified by the legislature in accordance with the provisions of the Property Control Act [15-3B-1 NMSA 1978].