A. There is created in the state treasury the "storage tank fund", which shall be administered by the department. All balances in the fund are appropriated to the department for the sole purpose of meeting necessary expenses in the administration and operation of the storage tank program.
B. All fees collected pursuant to Subsection D of Section 74-4-4.4 NMSA 1978 shall be transmitted to the state treasurer for credit to the storage tank fund.
C. Balances remaining in the storage tank fund at the end of a fiscal year shall not revert to the general fund.
History: Laws 1993, ch. 298, § 2; 2001, ch. 325, § 6.
ANNOTATIONSCompiler's notes. — Laws 1993, ch. 100, § 7 enacted a 74-4-4.8 NMSA 1978, creating an underground storage tank fund, effective March 31, 1993, and was approved March 31, 1993. However, because of the enactment of 74-4-4.8 NMSA 1978 by Laws 1993, ch. 298, § 2, approved April 7, 1993, the section as enacted by Laws 1993, ch. 100 has not been set out. See 12-1-8 NMSA 1978.
The 2001 amendment, effective July 1, 2001, deleted "underground" preceding "storage tank" throughout the section.