Statutes > New Mexico Statutes > Chapter 61 - Professional and Occupational Licenses. > Article 17B - Body Art Safe Practices Act, 61-17B-1 through 61-17B-14. > Section 61-17B-12 - Use of barbers and cosmetologists fund.

Section 61-17B-12 - Use of barbers and cosmetologists fund.

61-17B-12. Use of barbers and cosmetologists fund.

All license fees and penalties imposed by the board pursuant to the Body Art Safe Practices Act [61-17B-1 NMSA 1978] shall be deposited in the barbers and cosmetologists fund [61-17A-14 NMSA 1978].  Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.