Section 1-9-19 - Voting system revolving fund

A. The 'voting system revolving fund' is created. The voting system revolving fund may be used: (1) by the secretary of state to pay for hardware, software, firmware, maintenance and support for voting systems, whether state- or county-owned, certified for use in state elections; and (2) by the counties to finance, by contract, the purchase of voting systems and necessary support equipment under the conditions stated in Section 1-9-17 NMSA 1978; provided that no expenditure shall be made pursuant to this paragraph if it would result in a fund balance of less than one million dollars ($1,000,000). B. The voting system revolving fund may be expended upon vouchers signed by the secretary of finance and administration. C. If at the end of a fiscal year the voting system revolving fund exceeds six million five hundred thousand dollars ($6,500,000), the amount in excess of six million five hundred thousand dollars ($6,500,000) shall revert to the general fund. History: 1978 Comp., § 1-9-19, enacted by Laws 1985, ch. 207, § 18; 2001, ch. 233, § 14; 2003, ch. 356, § 27; 2010, ch. 28, § 20. ANNOTATIONSCross references. — For the general fund, see 6-4-2 NMSA 1978.

ory: 1978 Comp., § 1-9-19, enacted by Laws 1985, ch. 207, § 18; 2001, ch. 233, § 14; 2003, ch. 356, § 27; 2010, ch. 28, § 20. ANNOTATIONSCross references. — For the general fund, see 6-4-2 NMSA 1978. The 2010 amendment, effective March 3, 2010, in the catchline, deleted 'Electronic'; in Subsection A, in the first sentence, after 'The', deleted 'electronic', and in the second sentence, after 'The', deleted 'electronic'; added Paragraph (1) of Subsection A; in Subsection A(2), at the beginning of the sentence, added 'by the counties to'; after 'the purchase of', deleted 'electronic'; and after 'Section 1-9-17 NMSA 1978;', added the remainder of the sentence; in Subsection B, in the first sentence, after 'The', deleted 'electronic'; and in Subsection C, after 'fiscal year the', deleted 'electronic'. The 2003 amendment, effective July 1, 2003, substituted 'six million five hundred thousand dollars ($6,500,000)' for 'four million dollars ($4,000,000)' in the last sentence. The 2001 amendment, effective June 15, 2001, substituted 'systems' for 'machines' and 'system' for 'machine' throughout the section; and substituted 'four million dollars ($4,000,000)' for 'two million dollars

mendment, effective June 15, 2001, substituted 'systems' for 'machines' and 'system' for 'machine' throughout the section; and substituted 'four million dollars ($4,000,000)' for 'two million dollars ($2,000,000)' in two places at the end of the section.