New Mexico § 6-1-13 - Deposit accounts by state agencies; authorization by state treasurer
Full text of New Mexico New Mexico Statutes Annotated § 6-1-13 — Deposit accounts by state agencies; authorization by state treasurer, with citation guidance and answers to common questions.
§ 6-1-13. Deposit accounts by state agencies; authorization by state treasurer
A. A state agency may not open a new deposit account or deposit money in an existing
deposit account unless it has submitted a request to the state treasurer in writing
on forms prescribed by the state treasurer and received written authorization from
the state treasurer for each such account. This section shall not constitute authority for agencies to open demand deposit
accounts and shall not apply to deposits made pursuant to Section 6-10-35 NMSA 1978 . On the effective date of this act, agency deposit accounts previously authorized
shall be governed by the terms of this section. B. The state treasurer shall establish for each account those conditions and reports
appropriate to that account including, without limitation, the period for which the
account may be authorized. The provisions of this section shall not apply to investments made by the state
treasurer or the state investment council. The state treasurer shall submit to the state board of finance on a quarterly basis
a list of all accounts established pursuant to this section. C. As used in this section, “state agency” means the state of New Mexico or any of
its branches, agencies, departments, boards, instrumentalities, or institutions other
than state educational institutions designated by Article 12, Section 11 of the constitution of New Mexico .
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 6-1-13
What does New Mexico Statutes Annotated § 6-1-13 cover?
Section 6-1-13 ("Deposit accounts by state agencies; authorization by state treasurer") 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 § 6-1-13?
A common citation format is "New Mexico Statutes Annotated § 6-1-13" (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 § 6-1-13 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.