reglab/housing_qa huggingface dataset:
NM Stat § 6-8-5 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-5 - Bond; staff; budget.

A. Before the state investment officer or other responsible employee of the investment office enters upon the officer's or employee's duties, the secretary shall require an individual bond or include the state investment officer and all employees of the investment office under a blanket bond for an amount and for a coverage deemed best to protect the state's interest. The bond premiums shall be paid by the state. B. The state investment officer shall annually prepare a budget for administering and investing all funds managed by the investment office, which shall be reviewed and approved by the council. Any funds provided for the operating budget of the investment office shall be appropriated by the legislature from the assets of the land grant permanent funds, the severance tax permanent fund, funds available for investment pursuant to Subsection I of Section 6-8-7 NMSA 1978 or any other funds managed by the investment office, as authorized by law. C. Amounts budgeted or appropriated from the land grant permanent funds and the severance tax permanent fund for the costs of administering and investing those funds shall be in addition to the amounts distributed to the beneficiaries of the land grant permanent funds and to the general fund from the severance tax permanent fund as provided by law. D. The state investment officer shall appoint all employees of the investment office. History: 1953 Comp., § 11-2-8.8, enacted by Laws 1957, ch. 179, § 5; 1976, ch. 6, § 1; 1977, ch. 247, § 98; 1997, ch. 135, § 2; 2015, ch. 95, § 4. ANNOTATIONSThe 2015 amendment, effective June 19, 2015, changed certain requirements for administering and investing certain funds by the state investment officer; in Subsection A, after "enters upon", deleted "his" and added "the officer's or employee's", after "investment officer and", deleted "other responsible" and added "all", and after "employees", added of the investment office"; in Subsection B, after "shall be appropriated", added "by the legislature", after "as authorized by law", deleted the remainder of the subsection relating to the land grant permanent funds; and in Subsection C, after "permanent fund as provided by law", deleted the remainder of the subsection relating to amounts budgeted or appropriated from the land grant permanent fund. The 1997 amendment, effective April 9, 1997, in Subsection A, substituted "office, enters" for "division, shall enter" and deleted "shall" preceding "include"; rewrote Subsection B; added Subsection C and redesignated former Subsection C as Subsection D; and substituted "office" for "division" in Subsection D.
NM Stat § 6-8-6 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-6 - Transfer of investment powers.

The functions, powers and duties vested by law relating to the investment or reinvestment of money and the purchase, sale or exchange of investments or securities of the permanent fund are transferred to the state investment officer. The state treasurer shall maintain custody of the state permanent fund but shall at all times render the fund or any part of it available for investment in accordance with the provisions of Sections 6-8-1 through 6-8-18 NMSA 1978. Any provision of existing law requiring or designating an elected state official to serve by virtue of his office in an active or advisory capacity concerning the investment of the state permanent fund shall be inoperative. History: 1953 Comp., § 11-2-8.9, enacted by Laws 1957, ch. 179, § 6; 1977, ch. 247, § 99; 1981, ch. 264, § 4. ANNOTATIONSCross references. — For investment responsibility of state investment officer for "public buildings at capital, permanent fund", see 19-1-19 NMSA 1978. Limitation on investment of "permanent fund". — This section limits the power of the state investment officer to investment of those funds which are in the "permanent fund." 1962 Op. Att'y Gen. No. 62-76.
NM Stat § 6-8-8 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-8 - Compromise; adjustment.

In the event of default in the payment of principal [of], or interest on, an investment made, the investment officer is authorized to institute proper proceedings to collect matured interest and principal; the investment officer may, after consultation with the investment council, accept for exchange purposes refunding bonds or other evidences of indebtedness at interest rates to be agreed upon with the obligor. The investment officer, after consultation with the council, is authorized to adjust past-due interest or principal in default. History: 1953 Comp., § 11-2-8.11, enacted by Laws 1957, ch. 179, § 8; 1977, ch. 247, § 101; 1981, ch. 264, § 6. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and it is not part of the law.
NM Stat § 6-8-9 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-9 - Repealed.

History: 1953 Comp., § 11-2-8.12, enacted by Laws 1957, ch. 179, § 9; 1961, ch. 248, § 1; 1965, ch. 219, § 1; 1969, ch. 262, § 1; 1970, ch. 81, § 2; 1975, ch. 211, § 2; 1983, ch. 277, § 1; 1987, ch. 231, § 1; 1989, ch. 98, § 1; 1991, ch. 83, § 1; 1996, ch. 31, § 1; 1997, ch. 183, § 2; 1998, ch. 19, § 1; 2001, ch. 252, § 2; 1978 Comp., § 6-8-9, repealed by Laws 2005, ch. 240, § 7.ANNOTATIONSRepeals. — Laws 2005, ch. 240, § 7 repealed 6-8-9 NMSA 1978, as enacted by Laws 1957, ch. 179, § 9, relating to securities and investments, effective July 1, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-10 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-10 - Investment standards.

Investments made pursuant to Sections 6-8-1 through 6-8-16 NMSA 1978 shall be made in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act [45-7-601 to 45-7-612 NMSA 1978]. History: 1953 Comp., § 11-2-8.13, enacted by Laws 1957, ch. 179, § 10; 2001, ch. 252, § 3. ANNOTATIONSThe 2001 amendment, effective June 15, 2001, substituted the language beginning "in accordance with" for "with the exercise of that degree of judgment and care, under circumstances then prevailing, which men of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation but for investment, considering the probable safety of their capital as well as the probable income to be derived". Prudent man rule applicable to purchases of securities. — This section has adopted, for the purposes of investment of the permanent fund, the prudent man rule of investments that is applicable to trustees generally. Under this rule, it is generally held that a trustee can properly invest in securities, the purchase price of which is greater than the face value of security, or at a premium. 1959 Op. Att'y Gen. No. 59-157. Standards of this section may be applied when investing funds of museum of New Mexico. — In investing funds belonging to the museum of New Mexico, the state treasurer and state board of finance may, in their discretion, utilize the same standards as govern the investment of public funds controlled by the state commissioner of public lands and as are set forth in this section. 1964 Op. Att'y Gen. No. 64-29.
NM Stat § 6-8-11 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-11 - Custody of securities.

Securities purchased or held by the state investment officer or the council shall be in the custody of a custodian bank contracted pursuant to the provisions of Subsection H of Section 6-8-7 NMSA 1978. History: 1953 Comp., § 11-2-8.14, enacted by Laws 1957, ch. 179, § 11; 1975, ch. 211, § 3; 1977, ch. 247, § 102; 2015, ch. 95, § 6. ANNOTATIONSThe 2015 amendment, effective June 19, 2015, required securities purchased or held by the state investment officer or the council to be in the custody of a contracted custodian bank; after "state investment officer or the", deleted "state investment", after "custody of", deleted "the state treasurer who may, with the approval of the secretary, deposit with a bank or trust company the securities for safekeeping and servicing" and added "a custodian bank contracted pursuant to the provisions of Subsection H of Section 6-8-7 NMSA 1978".
NM Stat § 6-8-12 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-12 - Repealed.

ANNOTATIONSRepeals. — Laws 1996, ch. 4, § 3, repealed 6-8-12 NMSA 1978, as enacted by Laws 1957, ch. 179, § 12, relating to collection of income and proceeds and availability for investment, effective upon certification by the secretary of state that the proposed amendments to art. 8, § 10 and art. 12, §§ 2, 4, and 7 of the New Mexico Constitution have passed and been ratified by the United States congress. Those constitutional amendments, proposed by S.J.R. No. 2 (Laws 1996), were adopted at the general election held November 5, 1996, by a vote of 307,442 for and 153,021 against. For provisions of former section, see the 1995 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-13 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-13 - Record of investments.

The investment office shall keep accurate and complete records and accounts concerning the state investment portfolio. History: 1953 Comp., § 11-2-8.16, enacted by Laws 1957, ch. 179, § 13, 1977, ch. 247, § 103; 2015, ch. 95, § 7. ANNOTATIONSThe 2015 amendment, effective June 19, 2015, changed "investment division" to "investment office".
NM Stat § 6-8-14 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-14 - Monthly reports.

No later than twenty days after the end of each month, the state investment officer shall submit to the council a report of the operations of the investment office during the past month. Each report shall include a schedule of cumulative fiscal year actual and budgeted expenditures and a monthly summary of contributions, distributions, fees, income and net gains or losses for each permanent fund and investment pool. The reports shall be published on the web site of the council and the sunshine portal and shall be open for inspection to the public and the press in the investment office. History: 1953 Comp., § 11-2-8.17, enacted by Laws 1957, ch. 179, § 14; 1977, ch. 247, § 104; 2010, ch. 14, § 5; 2015, ch. 95, § 8. ANNOTATIONSThe 2015 amendment, effective June 19, 2015, amended the contents of the monthly report of the operations of the investment office that is required to be submitted by the state investment officer; after "No later than", deleted "ten" and added "twenty", after "days after the", deleted "close" and added "end", after "investment officer shall submit to", deleted "the secretary and", after "the", deleted "state investment", after "operations of the", added "investment", after "Each report shall", deleted "give complete statement of the state investment portfolio as of the time of the report and, in addition, shall include a detailed summary of the month's investment, reinvestment, purchase, sale and exchange transactions, setting forth the investments bought, sold or exchanged, the dates thereof, the prices paid or obtained, the name of the dealers involved, fees paid for each transaction, disclosure of contractor arrangements and a statement of the funds or accounts referred to herein. The reports shall also be circulated to a mailing list of investment bankers and brokers recommended by the council" and added "include a schedule of cumulative fiscal year actual and budgeted expenditures and a monthly summary of contributions, distributions, fees, income and net gains or losses for each permanent fund and investment pool", after "published on the web", changed "sites" to "site", after "of the council", deleted "the legislature and the department of finance and administration" and added "and the sunshine portal", after "the press in the", deleted "office of the state", and after "investment", deleted "officer" and added "office". The 2010 amendment, effective March 1, 2010, in the second sentence, after "the names of dealers involved", added "fees paid for each transaction, disclosure of contractor arrangements" and in the fourth sentence, after "The reports shall be", added "published on the web sites of the council, the legislature and the department of finance and administration and shall be".
NM Stat § 6-8-15 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-15 - Post-audit.

The state auditor shall be responsible for conducting a continuous post-audit of the investment transactions of the state, and shall submit annually a special report on his findings to the investment council, the secretary, the governor, and to the appropriate legislative committee. History: 1953 Comp., § 11-2-8.28, enacted by Laws 1957, ch. 179, § 15; 1977, ch. 247, § 105.
NM Stat § 6-8-16 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-16 - Annual report.

On or before January 1 of each year, and at such other times as it may deem in the public interest, the investment council shall report to the governor and to the legislature with respect to its review of the work of the investment division [office]. History: 1953 Comp., § 11-2-8.19, enacted by Laws 1957, ch. 179, § 16; 1977, ch. 247, § 106. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and it is not part of the law. Laws 1981, ch. 264, § 3 changed the name of the investment division to the investment office. See 6-8-4 NMSA 1978.
NM Stat § 6-8-17 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-17 - Repealed.

History: 1953 Comp., § 11-2-10.1, enacted by Laws 1970, ch. 2, § 1; 1978 Comp., § 6-8-17, repealed by Laws 2005, ch. 240, § 7.ANNOTATIONSRepeals. — Laws 2005, ch. 240, § 7 repealed 6-8-17 NMSA 1978, as enacted by Laws 1970, ch. 2, § 1, relating to the purpose of the act, effective July 1, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-18 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-18 - Repealed.

History: 1953 Comp., § 11-2-10.2, enacted by Laws 1970, ch. 2, § 2; 1971, ch. 41, § 1; 1987, ch. 79, § 2; 1978 Comp., § 6-8-18, repealed by Laws 2005, ch. 240, § 7.ANNOTATIONSRepeals. — Laws 2005, ch. 240, § 7, repealed 6-8-18 NMSA 1978, as enacted by Laws 1970, ch. 2, § 2, relating to permanent funds and investment in interest-bearing time deposits, effective July 1, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-19 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-19 - Repealed.

History: Laws 1987, ch. 126, § 1; 1989, ch. 98, § 2; 1990, ch. 91, § 1; 1996, ch. 31, § 2; 1997, ch. 183, § 3; 2001, ch. 252, § 4; repealed by Laws 2005, ch. 240, § 7.ANNOTATIONSRepeals. — Laws 2005, ch. 240, § 7 repealed 6-8-19 NMSA 1978, as enacted by Laws 1987, ch. 126, § 1, relating to short-term investments, effective July 1, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-20 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-20 - Repealed.

History: Laws 1987, ch. 219, § 3; 1990, ch. 126, § 1; 1997, ch. 183, § 4; 2001, ch. 252, § 5; 2005, ch. 240, § 2; 2010, ch. 14, § 6; repealed by Laws 2015, ch. 95, § 11.ANNOTATIONSRepeals. — Laws 2015, ch. 95, § 11 repealed 6-8-20 NMSA 1978, as enacted by Laws 1987, ch. 219, § 3, relating to the creation of a private equity investment advisory committee, membership, duties, terms, liabilities and conflict of interest, effective June 19, 2015. For provisions of former section, see the 2014 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-21 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-21 - Repealed.

History: Laws 1997, ch. 183, § 5; 2001, ch. 252, § 6; repealed by Laws 2005, ch. 240, § 7.ANNOTATIONSRepeals. — Laws 2005, ch. 240, § 7 repealed 6-8-21 NMSA 1978, as enacted by Laws 1997, ch. 183, § 5, relating to private equity investments, effective July 1, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 6-8-22 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-22 - Disclosure of third-party marketers; penalty.

A. Neither the state investment council nor the state investment officer shall make any investment, other than investments in publicly traded equities or publicly traded fixed-income securities, unless the recipient of the investment discloses the identity of any third-party marketer who rendered services on behalf of the recipient in obtaining the investment and also discloses the amount of any fee, commission or retainer paid to the third-party marketer for the services rendered. B. Information disclosed pursuant to Subsection A of this section shall be included in the monthly reports of the state investment officer and the annual reports of the state investment council. C. Any person who knowingly withholds information required by Subsection A of this section is guilty of a fourth degree felony and shall be punished by a fine of not more than twenty thousand dollars ($20,000) or by imprisonment for a definite term not to exceed eighteen months or both. D. As used in this section, "third-party marketer" means a person who, on behalf of an investment fund manager or other person seeking an investment of public money and under a written or implied agreement, receives a fee, commission or retainer for such services from the person seeking an investment of public money. History: Laws 2009, ch. 152, § 1. ANNOTATIONSEffective dates. — Laws 2009, ch. 152 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2009, 90 days after the adjournment of the legislature.
NM Stat § 6-8-23 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-23 - Compensation under contingent fee contracts; suspense fund created.

A. For the purpose of making disbursements and distributions pursuant to this section, the "state investment council suspense fund" is created in the state treasury. B. When pursuing a claim and utilizing legal services on a contingent fee basis, all amounts received by the legal services contractor as satisfaction of the claim shall be transferred to the council and deposited into the state investment council suspense fund to the credit of the council. Upon the direction of the state investment officer, the contingent attorney fees due to the legal services contractor shall be disbursed from the suspense fund to the contractor. C. After a disbursement to a contractor pursuant to Subsection B of this section, the balance of the deposit into the state investment council suspense fund shall be distributed to the appropriate permanent fund or other appropriate fund from which the loss occurred that originated the claim pursued by the legal services contractor. History: Laws 2011, ch. 9, § 2. ANNOTATIONSEmergency clauses. — Laws 2011, ch. 9, § 4 contained an emergency clause and was approved March 17, 2011.
NM Stat § 6-8-24 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-24 - Qui tam plaintiffs.

Nothing in this 2011 act [6-8-7, 6-8-23 NMSA 1978] shall prejudice or impair the rights of a qui tam plaintiff pursuant to the Fraud Against Taxpayers Act [44-9-1 to 44-9-14 NMSA 1978]. History: Laws 2011, ch. 9, § 3. ANNOTATIONSEmergency clauses. — Laws 2011, ch. 9, § 4 contained an emergency clause and was approved March 17, 2011.
NM Stat § 6-8-25 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8 - Investment of Public Money|Section 6-8-25 - Accounts for support of persons with disabilities.

The state treasurer shall establish and maintain the program established pursuant to 26 U.S.C. Section 529A and the Accounts for Persons with Disabilities Act [6-8A-1 to 6-8A-7 NMSA 1978]. History: Laws 2016, ch. 40, § 8. ANNOTATIONSEmergency clauses. — Laws 2016, ch. 40, § 11 contained an emergency clause and was approved March 3, 2016. Applicability. — Laws 2016, ch. 40, § 10 provided that the provisions of Laws 2016, ch. 40 apply to taxable years beginning on or after January 1, 2016.
NM Stat § 6-8A-1 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8A - Accounts for Persons with Disabilities|Section 6-8A-1 - Short title.

Sections 1 through 7 [6-8A-1 to 6-8A-7 NMSA 1978] of this act may be cited as the "Accounts for Persons with Disabilities Act". History: Laws 2016, ch. 40, § 1. ANNOTATIONSEmergency clauses. — Laws 2016, ch. 40, § 11 contained an emergency clause and was approved March 3, 2016. Applicability. — Laws 2016, ch. 40, § 10 provided that the provisions of Laws 2016, ch. 40 apply to taxable years beginning on or after January 1, 2016.
NM Stat § 6-8A-3 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8A - Accounts for Persons with Disabilities|Section 6-8A-3 - Duties and authority of the office.

A. The office shall: (1) ensure that an account meets the requirements of a qualified program; and (2) promulgate rules to implement and administer the qualified program and other requirements of the Accounts for Persons with Disabilities Act. B. The office may contract with third parties to: (1) verify the disability certification of each designated beneficiary under the state's qualified program and certify whether expenses paid from such account are qualified disability expenses; (2) provide such information related to accounts as the state is required to report to the federal social security administration; and (3) administer and manage the accounts and report account activity to the office on an annual or such other basis as determined by the office. History: Laws 2016, ch. 40, § 3. ANNOTATIONSEmergency clauses. — Laws 2016, ch. 40, § 11 contained an emergency clause and was approved March 3, 2016. Applicability. — Laws 2016, ch. 40, § 10 provided that the provisions of Laws 2016, ch. 40 apply to taxable years beginning on or after January 1, 2016.
NM Stat § 6-8A-4 (2021)
2021 New Mexico Statutes|Chapter 6 - Public Finances|Article 8A - Accounts for Persons with Disabilities|Section 6-8A-4 - Accounts.

A. An account owner may: (1) establish an account with a financial organization or fiduciary; (2) close the account and establish an account with another financial organization or fiduciary, no more than twice in any tax year; and (3) change the owner of an account to a family member of a designated beneficiary; provided that the family member is an eligible person. B. More than one person may contribute to an account. C. A person shall not be the designated beneficiary of more than one account. History: Laws 2016, ch. 40, § 4. ANNOTATIONSEmergency clauses. — Laws 2016, ch. 40, § 11 contained an emergency clause and was approved March 3, 2016. Applicability. — Laws 2016, ch. 40, § 10 provided that the provisions of Laws 2016, ch. 40 apply to taxable years beginning on or after January 1, 2016.