Any balance remaining in the state lands maintenance fund on June 30 of each year shall be apportioned by the state treasurer among the several funds from which derived. In addition, the state treasurer shall make distributions in such amounts as the commissioner may determine to be surplus. History: Laws 1912, ch. 82, § 8; Code 1915, § 5185; Laws 1929, ch. 64, § 1; C.S. 1929, § 132-108; 1941 Comp., § 8-111; 1953 Comp., § 7-1-12; Laws 1971, ch. 91, § 1; 1989, ch. 15, § 3. ANNOTATIONSThe 1989 amendment, effective March 9, 1989, substituted 'shall' for 'may' in the second sentence, and made minor stylistic changes throughout the section.
New Mexico Legal Code