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.
History: 1953 Comp., § 6-2-44, enacted by Laws 1972, ch. 74, § 3; 1983, ch. 301, § 53; 1978 Comp., § 15-3-23, recompiled and amended as 1978 Comp., § 15-3B-16 by Laws 2001, ch. 319, § 16.
ANNOTATIONSThe 2001 amendment, effective July 1, 2001, recompiled former 15-3-23 NMSA 1978 as this section; inserted "in the state treasury" to the end of the first sentence; substituted "the Property Control Act" for "Sections 15-3-1, 15-3-2, 15-3-7, to 15-3-16, 15-3-25 and 15-3-31 NMSA 1978" and made stylistic changes.
Appropriations. — Laws 2009, ch. 71, § 1, effective June 19, 2009, appropriated $5,000, from the property control reserve fund to the capital program fund for expenditure by the property control division of the general services department in fiscal years 2010 and 2011 to purchase from the federal bureau of land management the real property currently occupied by the southern New Mexico correctional facility and the JP Taylor juvenile justice center.