A. The board shall designate banks where its money is to be deposited.
B. Notwithstanding the provisions of Section 6-10-3 NMSA 1978, the board may establish rules governing the receipt and deposit of fees collected by its inspectors requiring remittance to the board in not more than ten days.
History: 1953 Comp., § 47-23-8, enacted by Laws 1973, ch. 84, § 1; 1993, ch. 248, § 5; 2003, ch. 273, § 24.
ANNOTATIONSThe 2003 amendment, effective July 1, 2003, deleted former Subsections A and B, concerning collection of fees and issuance of warrants, and redesignated former Subsections C and D as present Subsection A and B.
The 1993 amendment, effective June 18, 1993, substituted "money" and "money is" for "moneys" and "moneys are" in Subsections A and C; deleted "New Mexico livestock" preceding "board" in the first sentence of Subsection A; substituted "6-5-3 NMSA 1978" for "11-2-65 NMSA 1953" at the end of the second sentence of Subsection A; and added Subsection D.