A. The 'rural air service enhancement fund' is created as a nonreverting fund in the state treasury. All appropriations, gifts, devises, grants and donations received shall be deposited in the fund. Money in the fund is appropriated to the division for the purpose of carrying out the rural air service enhancement grant program and related infrastructure improvements pursuant to the provisions of the Rural Air Service Enhancement Act. B. The fund shall be administered by the division. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the director or the director's designee for the purpose of carrying out the rural air service enhancement grant program and related infrastructure improvements pursuant to the provisions of the Rural Air Service Enhancement Act.History: Laws 2021, ch. 47, § 5; 2022, ch. 11, § 4. ANNOTATIONSThe 2022 amendment, effective May 18, 2022, clarified that the rural air service enhancement fund is a nonreverting fund in the state treasury; and in Subsection A, after 'is created', added 'as a nonreverting fund', and deleted the last sentence of the subsection, which service enhancement fund is a nonreverting fund in the state treasury; and in Subsection A, after 'is created', added 'as a nonreverting fund', and deleted the last sentence of the subsection, which provided 'Money in the fund shall not revert at the end of a fiscal year.'.
New Mexico Legal Code