A. The legislative finance committee shall oversee the operations of the authority, as well as periodically review and evaluate the success with which the authority is accomplishing its duties and operating the lottery pursuant to the New Mexico Lottery Act. The committee may conduct an independent audit or investigation of the lottery or the authority.
B. The legislative finance committee shall report annually its findings and recommendations on the lottery and the operation of the authority to each regular session of the legislature.
History: Laws 1995, ch. 155, § 9; 2001, ch. 91, § 1.
ANNOTATIONSThe 2001 amendment, effective April 2, 2001, eliminated the lottery oversight committee and provided for the legislative oversight of the lottery by the legislative finance committee.