Voting system revolving fund. A. The "voting system revolving fund" is created. The voting system revolving fund may be used: (1) by the secretary of state to pay for hardware, software, firmware, maintenance and support for voting systems, whether state-or county-owned, certified for use in state elections; and (2) by the counties to finance, by contract, the purchase of voting systems and necessary support equipment under the conditions stated in Section 1-9-17 NMSA 1978; provided that no expenditure shall be made pursuant to this paragraph if it would result in a fund balance of less than one million dollars ($1,000,000). B. The voting system revolving fund may be expended upon vouchers signed by the secretary of finance and administration. C. If at the end of a fiscal year the voting system revolving fund exceeds six million five hundred thousand dollars ($6,500,000), the amount in excess of six million five hundred thousand dollars ($6,500,000) shall revert to the general fund.
§ NMSA 1978, § 1-9-19Voting system revolving fund
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