Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 1 - State Board of Finance, 6-1-1 through 6-1-13. > Section 6-1-5 - Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund.

Section 6-1-5 - Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund.

6-1-5. Repayment of loans; disposition of receipts; crediting emergency fund; deposit in general fund.

Any amount received by the state board of finance in repayment of any emergency loan shall be deposited by the board to the credit of the state board of finance emergency fund if the payment is received during the same fiscal year in which the loan was made. All payments made in any period subsequent to the close of the fiscal year in which the loan was made shall be deposited by the board in the general fund.