The secretary shall establish a schedule of building use fees for state agencies occupying space in state-owned buildings under the jurisdiction of the division. The building use fees shall equal the estimated cost for the next fiscal year of operating expenses for the division and planned and emergency repairs, renovations and purchase of physical plant equipment; provided that total fees shall not exceed ten million dollars ($10,000,000) in any fiscal year. The building use fees shall be included in the budget requests of pertinent state agencies. At the beginning of each fiscal year, the department of finance and administration shall transfer to the public buildings repair fund the amounts appropriated for building use fees.
History: Laws 1996, ch. 46, § 2; 1978 Comp., § 15-3-11.2, recompiled and amended as 1978 Comp., § 15-3B-19 by Laws 2001, ch. 319, § 19.
ANNOTATIONSThe 2001 amendment, effective July 1, 2001, recompiled former 15-3-11.2 NMSA 1978 as this section; inserted "operating expenses for the division and" preceding "planned and emergency repairs"; deleted "beginning with fiscal year 1998" from the end of the penultimate sentence and made stylistic changes.
General rule is that interest is accretion or increment to principal fund earning it, and becomes a part of that fund. 1980 Op. Att'y Gen. No. 80-17.