New Mexico § 51-1-17 - Budgets; governmental entities
Full text of New Mexico New Mexico Statutes Annotated § 51-1-17 — Budgets; governmental entities, with citation guidance and answers to common questions.
§ 51-1-17. Budgets; governmental entities
A. The department of finance and administration shall not approve the budget of any
governmental entity which has failed to budget sufficient revenues to pay unemployment
compensation benefits as required by the Unemployment Compensation Law. B. The risk management division of the general services department annually on or
before April 15 shall prescribe schedules of minimum rates per employee to be budgeted
by governmental entities for the succeeding fiscal year. Rate schedules prescribed by the risk management division shall take into account
the prior experience of the governmental entity, the amount of reserves the governmental
entity has on deposit with the department of finance and administration or in a separate
account earmarked for the payment of unemployment compensation claims and, if the
governmental entity participates in the state government unemployment compensation
reserve fund or the local public body unemployment compensation reserve fund, the
balance in the fund.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 51-1-17
What does New Mexico Statutes Annotated § 51-1-17 cover?
Section 51-1-17 ("Budgets; governmental entities") 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 § 51-1-17?
A common citation format is "New Mexico Statutes Annotated § 51-1-17" (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 § 51-1-17 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.