New Mexico § 61-2-7 - Disposition of funds; optometry fund created; method of payments; bonds

§ 61-2-7. Disposition of funds; optometry fund created; method of payments; bonds

A. There is created the “optometry fund.” B. All funds received by the board and money collected under the Optometry Act shall

be deposited with the state treasurer, who shall place the same to the credit of the

optometry fund. C. All payments out of the optometry fund shall be made on vouchers issued and signed

by the secretary-treasurer of the board upon warrants drawn by the department of finance

and administration in accordance with the budget approved by that department. D. All amounts in the optometry fund shall be subject to the order of the board and

shall be used only for the purpose of meeting necessary expenses incurred in: (1) the performance of the provisions of the Optometry Act and the duties and powers

imposed thereby; and (2) the promotion of optometric education and standards in this state within the budgetary

limits. E. All funds which may have accumulated to the credit of the board under any previous

law shall be transferred to the optometry fund and shall continue to be available

for use by the optometry board in accordance with the provisions of the Optometry

Act. All money unused at the end of the fiscal year shall not revert, but shall remain

in the optometry fund for use in accordance with the provisions of the Optometry Act. F. The secretary-treasurer and any employee who handles money or who certifies the

receipt or disbursal of money received by the board shall, within thirty days after

election or employment by the board, execute a bond in accordance with the provisions

of the Surety Bond Act, conditioned on the faithful performance of the duties of the

office or position and on an accounting of all funds coming into his hands. G. The secretary-treasurer shall make, at the end of each fiscal year, an itemized

report to the governor of all receipts and disbursements of the board for the prior

fiscal year, together with a report of the records and information required by the

Optometry Act. A copy of the annual report to the governor shall be presented to the board at its

first meeting in July of each year.