Section 61-24C-16 - Fund established; disposition; method of payment. (Repealed effective July 1, 2012.)
61-24C-16. Fund established; disposition; method of payment. (Repealed effective July 1, 2012.)
A. There is created the "interior design board fund".
B. All funds received by the board and money collected under the Interior Designers Act [61-24C-1 NMSA 1978] shall be deposited with the state treasurer. The state treasurer shall credit the money to the interior design board fund.
C. Payments out of the interior design board fund shall be on vouchers issued by the secretary-treasurer of the board upon warrants drawn by the department of finance and administration in accordance with the budget approved by that department.
D. All amounts paid to the interior design board fund are subject to appropriation by the legislature and shall be used only for meeting necessary expenses incurred in executing the provisions and duties of the Interior Designers Act and for promoting interior design education and standards in the state. All money unused at the end of any fiscal year shall remain in the interior design board fund for use in accordance with the provisions of that act.