New Mexico § 28-10-5.1 - Housing modification for persons with a disability permanent fund; investment; distribution
Full text of New Mexico New Mexico Statutes Annotated § 28-10-5.1 — Housing modification for persons with a disability permanent fund; investment; distribution, with citation guidance and answers to common questions.
§ 28-10-5.1. Housing modification for persons with a disability permanent fund; investment; distribution
A. The “housing modification for persons with a disability permanent fund” is created
in the state treasury. The fund shall consist of money appropriated to the fund and any gifts, donations
or bequests made to the fund. Money in the fund shall be invested by the state investment officer as land grant
permanent funds are invested pursuant to Chapter 6, Article 8 NMSA 1978 , and earnings from investment of the fund shall be credited to the fund. Money in the fund shall not revert at the end of any fiscal year and shall not be
expended for any purpose, except that an annual distribution shall be made to the
fund for persons with a disability in accordance with Subsection B of this section. B. On July 1 of fiscal year 2002 and on July 1 of each fiscal year thereafter, an
annual distribution shall be made from the housing modification for persons with a
disability permanent fund to the disability fund in an amount equal to three hundred
thousand dollars ($300,000) until that amount is less than an amount equal to five
percent of the average of the year-end market values of the housing modification for
persons with a disability permanent fund for the immediately preceding five calendar
years. Thereafter, the amount of the annual distribution shall be five percent of the average
of the year-end market values of the housing modification for persons with a disability
permanent fund for the immediately preceding five calendar years.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 28-10-5.1
What does New Mexico Statutes Annotated § 28-10-5.1 cover?
Section 28-10-5.1 ("Housing modification for persons with a disability permanent fund; investment; distribution") 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 § 28-10-5.1?
A common citation format is "New Mexico Statutes Annotated § 28-10-5.1" (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 § 28-10-5.1 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.