New Mexico § 19-1-17 - Permanent, income and current funds; creating deposits

Full text of New Mexico New Mexico Statutes Annotated § 19-1-17 — Permanent, income and current funds; creating deposits, with citation guidance and answers to common questions.

§ 19-1-17. Permanent, income and current funds; creating deposits

A. The following funds are created. B. To the credit of these funds, in the respective proportions to which they are by

law entitled, all money derived from state lands shall be deposited by the commissioner

with the state treasurer, as nearly as possible, on the first day of each calendar

month. The commissioner shall keep an accurate record of all such deposits. The funds are: (1) common school current fund; (2) common school permanent fund; (3) university income fund; (4) university permanent fund; (5) university saline income fund; (6) New Mexico state university income fund; (7) New Mexico state university permanent fund; (8) western New Mexico university income fund; (9) western New Mexico university permanent fund; (10) New Mexico highlands university income fund; (11) New Mexico highlands university permanent fund; (12) northern New Mexico state school income fund; (13) northern New Mexico state school permanent fund; (14) eastern New Mexico university income fund; (15) eastern New Mexico university permanent fund; (16) New Mexico institute of mining and technology income fund; (17) New Mexico institute of mining and technology permanent fund; (18) New Mexico military institute income fund; (19) New Mexico military institute permanent fund; (20) New Mexico boys' school income fund; (21) New Mexico boys' school permanent fund; (22) miners' hospital income fund; (23) miners' hospital permanent fund; (24) New Mexico behavioral health institute at Las Vegas income fund; (25) New Mexico behavioral health institute at Las Vegas permanent fund; (26) penitentiary income fund; (27) penitentiary permanent fund; (28) state charitable, penal and reformatory institutions income fund; (29) state charitable, penal and reformatory institutions permanent fund; to be equally

distributed among the institutions as defined in Article 14, Section 1 of the constitution of New Mexico ; (30) New Mexico school for the blind and visually impaired income fund; (31) New Mexico school for the blind and visually impaired permanent fund; (32) New Mexico school for the deaf income fund; (33) New Mexico school for the deaf permanent fund; (34) permanent reservoirs for irrigation purposes income fund; (35) permanent reservoirs for irrigation purposes permanent fund; (36) improvement of Rio Grande income fund; (37) improvement of Rio Grande permanent fund; (38) public buildings at capital income fund; (39) public buildings at capital permanent fund; (40) Santa Fe and Grant county railroad bond fund, to be applied as provided by Article 9, Section 4 of the constitution of New Mexico ; and (41) state lands maintenance fund.

Source: official New Mexico text · Last verified 2026-08-27

Frequently Asked Questions About New Mexico § 19-1-17

What does New Mexico Statutes Annotated § 19-1-17 cover?

Section 19-1-17 ("Permanent, income and current funds; creating deposits") 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 § 19-1-17?

A common citation format is "New Mexico Statutes Annotated § 19-1-17" (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 § 19-1-17 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.