New Mexico § 60-1A-23 - Horse racing suspense account
Full text of New Mexico New Mexico Statutes Annotated § 60-1A-23 — Horse racing suspense account, with citation guidance and answers to common questions.
§ 60-1A-23. Horse racing suspense account
A. The “horse racing suspense account” is created in the state treasury to hold funds
remitted to the commission for payment of all legal claims for refunds. B. Money in the horse racing suspense account exceeding three thousand dollars ($3,000)
shall be transferred to the taxation and revenue department for deposit in the general
fund. C. The money in the horse racing suspense account shall be used to pay claims for
refunds that have been determined by the commission to be legally due to the remitter.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-1A-23
What does New Mexico Statutes Annotated § 60-1A-23 cover?
Section 60-1A-23 ("Horse racing suspense account") 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 § 60-1A-23?
A common citation format is "New Mexico Statutes Annotated § 60-1A-23" (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 § 60-1A-23 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.