Provisions inapplicable to permanent and certain other funds.

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  2. New Mexico Statutes
  3. Public Finances
  4. Public Money
  5. Provisions inapplicable to permanent and certain other funds.

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The provisions of Sections 6-10-25 and 6-10-26 NMSA 1978, shall not apply to the investment of permanent funds or the income derived therefrom nor to the investment of funds otherwise authorized by law.

History: 1953 Comp., § 11-2-25.3, enacted by Laws 1955, ch. 140, § 3; 1967, ch. 211, § 2.

ANNOTATIONS

Interest is generally an accretion or increment to principal fund earning it, and becomes a part of that fund. 1980 Op. Att'y Gen. No. 80-17.


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