SENATE BILL 162
48th legislature - STATE OF NEW MEXICO - first session, 2007
INTRODUCED BY
Steven P. Neville
AN ACT
RELATING TO EMBEZZLEMENT; ALLOWING A TWELVE-MONTH AGGREGATION OF INCIDENTS OF EMBEZZLEMENT TO DETERMINE PENALTY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. Section 30-16-8 NMSA 1978 (being Laws 1963, Chapter 303, Section 16-7, as amended) is amended to read:
"30-16-8. EMBEZZLEMENT.--
A. Embezzlement consists of a person embezzling or converting to the person's own use anything of value, with which the person has been entrusted, with fraudulent intent to deprive the owner thereof. [Each separate incident of embezzlement or conversion constitutes a separate and distinct offense.]
B. Whoever commits embezzlement when the value of the thing embezzled or converted is two hundred fifty dollars ($250) or less in any consecutive twelve-month period is guilty of a petty misdemeanor.
C. Whoever commits embezzlement when the value of the thing embezzled or converted is over two hundred fifty dollars ($250) but not more than five hundred dollars ($500) in any consecutive twelve-month period is guilty of a misdemeanor.
D. Whoever commits embezzlement when the value of the thing embezzled or converted is over five hundred dollars ($500) but not more than two thousand five hundred dollars ($2,500) in any consecutive twelve-month period is guilty of a fourth degree felony.
E. Whoever commits embezzlement when the value of the thing embezzled or converted is over two thousand five hundred dollars ($2,500) but not more than twenty thousand dollars ($20,000) in any consecutive twelve-month period is guilty of a third degree felony.
F. Whoever commits embezzlement when the value of the thing embezzled or converted exceeds twenty thousand dollars ($20,000) in any consecutive twelve-month period is guilty of a second degree felony."
Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2007.
- 2 -