New Mexico § 7-1-6.29 - Money in workers' compensation collections suspense fund; distribution
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.29 — Money in workers' compensation collections suspense fund; distribution, with citation guidance and answers to common questions.
§ 7-1-6.29. Money in workers' compensation collections suspense fund; distribution
A. After the necessary disbursements from the workers' compensation collections suspense
fund have been made, money remaining in the suspense fund as of the last day of the
month, less any deduction for administrative costs determined and made by the department
pursuant to Section 52-5-19 NMSA 1978 , less any distribution made pursuant to Subsection B of this section and less any
amount determined by the department to be retained in the suspense fund for the purpose
of making refunds, shall be distributed to the workers' compensation administration
fund. B. Upon certification by the New Mexico finance authority that a project is sufficiently
developed to warrant the issuance of bonds by the authority, the department shall
distribute the first forty cents ($.40) of each workers' compensation assessment imposed
pursuant to Section 52-5-19 NMSA 1978 to the New Mexico finance authority. Upon certification by the authority, the department shall cease distribution to
the authority.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.29
What does New Mexico Statutes Annotated § 7-1-6.29 cover?
Section 7-1-6.29 ("Money in workers' compensation collections suspense fund; distribution") 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 § 7-1-6.29?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.29" (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 § 7-1-6.29 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.