The 'legislative retirement fund' is created in the state treasury. The fund shall consist of money distributed, transferred or otherwise accruing to the fund. Money in the fund may be appropriated by the legislature to finance state legislator member coverage plan 2 pursuant to the Public Employees Retirement Act. Income from investment of the fund shall accrue to the fund, and balances in the fund at the end of any fiscal year shall not revert to the general fund. History: Laws 2003, ch. 85, § 13. ANNOTATIONSEffective dates. — Laws 2003, ch. 85, § 14 made the act effective July 1, 2003.
New Mexico Legal Code