N.M. Admin. Code § 20.5.121.2106

Current through Register Vol. 35, No. 21, November 5, 2024

Section 20.5.121.2106 - RESERVED MONEY

A. The department shall establish a reserve of one-million dollars ($1,000,000) in the fund for the costs of taking emergency corrective action. The department may make expenditures from this reserve during the fiscal year and replenish the reserve at the beginning of the next fiscal year.

B. Money that is reserved pursuant to Subsection A of this section may be expended by the department only for corrective action necessary when an emergency threat to public health, safety and welfare or the environment is determined by the department to exist.

Adopted by New Mexico Register, Volume XXIX, Issue 14, July 24, 2018, eff. 7/24/2018