New Mexico § 15-3B-16 - Capital program; fund created; allocation and expenditure for capital outlay
Full text of New Mexico New Mexico Statutes Annotated § 15-3B-16 — Capital program; fund created; allocation and expenditure for capital outlay, with citation guidance and answers to common questions.
§ 15-3B-16. Capital program; fund created; allocation and expenditure for capital outlay
A. The “capital program fund” is created in the state treasury. To this fund shall be credited all appropriations for capital outlay projects under
the jurisdiction of the division. B. The capital program fund shall be allocated by the division for capital outlay
projects specified by the legislature in accordance with the provisions of the Property
Control Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 15-3B-16
What does New Mexico Statutes Annotated § 15-3B-16 cover?
Section 15-3B-16 ("Capital program; fund created; allocation and expenditure for capital outlay") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 15-3B-16?
A common citation format is "New Mexico Statutes Annotated § 15-3B-16" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 15-3B-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.