In order to accomplish the purposes of the New Mexico Beef Council Act, the council is empowered to:
A. receive any funds which may be returned to the New Mexico cattle industry as its share of assessments collected by a national beef industry research council or any similar entity;
B. accept grants, donations, contributions or gifts from any source for expenditure for any purpose consistent with the powers and duties conferred on the council; and
C. receive any other funds that may be authorized by law.
History: Laws 1979, ch. 197, § 7.
ANNOTATIONSCouncil to submit budget to budget division. — The legislature has approved a special source for the council's funds, separate and apart from the state's general funds, and has established the council's method of disbursal. The council nevertheless must submit its budget to the budget division for approval. This provision insures that the legislature is apprised accurately of council expenditures even though separate action on the council budget is not required at each session. 1987 Op. Att'y Gen. No. 87-44.