§ NMSA 1978, § 1-11-19Costs of elections; local election assessment; election fund established

Costs of elections; local election assessment; election fund established.
A. There is created in the state treasury the "election fund" solely for the purposes of:
(1) paying the costs of conducting and administering statewide elections required by the
Election Code;
(2) reimbursing the counties for the costs of conducting and administering statewide elections required by the Election Code;
(3) paying the administrative costs of the office of the secretary of state for administering
elections required by the Election Code and for administering the election fund; and
(4) carrying out all other specified provisions of the Election Code not already covered by
another fund administered by the secretary of state.
B. The state treasurer shall invest the election fund as other state funds are invested, and all
income derived from the fund shall be credited directly to the fund. Remaining balances at the end
of a fiscal year shall remain in the fund and not revert to the general fund. Money in the fund is appropriated to the office of the secretary of state for the purposes authorized in Subsection A of this
section. Money in the fund shall only be expended on warrants of the department of finance and
administration pursuant to vouchers signed by the secretary of state or the secretary's designee.
C. Money received from the following sources shall be deposited directly into the election fund:
(1) money appropriated to the fund by the legislature;
(2) reimbursements from the state or a local government for elections costs; and
(3) grants received by the secretary of state.
D. In the event that current year balances in the election fund do not cover the costs of elections, the secretary of state may apply to the state board of finance for an emergency grant to cover
those costs pursuant to Section 6-1-2 NMSA 1978.