New Mexico § 64-1-15 - State aviation fund
Full text of New Mexico New Mexico Statutes Annotated § 64-1-15 — State aviation fund, with citation guidance and answers to common questions.
§ 64-1-15. State aviation fund
A. There is created in the state treasury the “state aviation fund”. All income to the state aviation fund is appropriated to the division. Earnings from investment of the fund shall be credited to the fund. B. The amounts distributed to the state aviation fund pursuant to Subsection C of Section 7-1-6.7 NMSA 1978 shall be used for the air service assistance program, including planning, program
administration, construction, equipment, materials and maintenance of a system of
airports, navigation aids and related facilities. All other amounts distributed to the state aviation fund, including collections
by the division for aircraft registration pursuant to the Aircraft Registration Act,
payments to the division pursuant to Sections 64-1-13 and 64-1-19 NMSA 1978 and reimbursements to the division from federal aviation administration funds or
from any other source shall be used for planning and program administration, construction,
equipment, materials and maintenance of a system of airports, navigation aids and
related facilities. All expenditures shall be made in accordance with budgets approved by the department. Balances in the state aviation fund shall not be transferred and shall not revert
to any other fund.
Frequently Asked Questions About New Mexico § 64-1-15
What does New Mexico Statutes Annotated § 64-1-15 cover?
Section 64-1-15 ("State aviation fund") 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 § 64-1-15?
A common citation format is "New Mexico Statutes Annotated § 64-1-15" (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 § 64-1-15 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.