A. There is created the 'interior design fund'.B. All money collected under the Interior Designers Act shall be deposited with the state treasurer. The state treasurer shall credit the money to the interior design fund.C. Payments out of the interior design fund shall be on vouchers issued by the superintendent of regulation and licensing upon warrants drawn by the department of finance and administration in accordance with the budget approved by that department.D. All amounts paid to the interior design fund are subject to appropriation by the legislature and shall be used only for meeting necessary expenses incurred in executing the provisions and duties of the Interior Designers Act and for promoting interior design education and standards in the state. All money unused at the end of any fiscal year shall remain in the interior design fund for use in accordance with the provisions of the Interior Designers Act. History: Laws 1989, ch. 53, § 16; 2007, ch. 245, § 10; 2023, ch. 190, § 37. ANNOTATIONSThe 2023 amendment, effective July 1, 2023, changed the name of the interior design board fund to the interior design fund, moved the administration of the interior design fund from § 37. ANNOTATIONSThe 2023 amendment, effective July 1, 2023, changed the name of the interior design board fund to the interior design fund, moved the administration of the interior design fund from the interior design board to the department of regulation and licensing; in Subsection A, after 'design', deleted 'board'; in Subsection B, after 'All', deleted 'funds received by the board and'; in Subsection C, after 'design', deleted 'board', after 'issued by the', deleted 'secretary-treasurer' and added 'superintendent', and after 'of', deleted 'the board' and added 'regulation and licensing'; and in Subsection D, after each occurrence of 'design', deleted 'board'. The 2007 amendment, effective June 15, 2007, provides that all funds paid to the board are subject to appropriation by the legislature.
New Mexico Legal Code