0001|                               AN ACT
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0002| RELATING TO PUBLIC FINANCES; REQUIRING STATE AGENCIES TO FURNISH
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0003| QUARTERLY REPORTS TO THE LEGISLATURE REGARDING THE STATUS OF
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0004| CERTAIN FUNDS WITHIN THE CONTROL OF EACH AGENCY.
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0005| 
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0006| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0007|      Section 1.  PERMANENT, TRUST AND ESCROW FUNDS--ANNUAL REPORT
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0008| REQUIRED--CONTENT.--
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0009|           A.  Semiannually, each state agency shall furnish to each member of the
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0010| legislature so requesting a report summarizing the status of each permanent, trust or escrow fund
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0011| under that agency's control.  The report shall include all permanent, trust or escrow funds
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0012| established by law or agreement.
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0013|           B.  Each report furnished pursuant to Subsection A of this section shall include:
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0014|                (1)  a description of each fund reported, the legal or contractual basis for
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0015| the creation of the fund and the permitted uses of the fund; and
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0016|                (2)  the total amount of money in the fund, including the balance of the
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0017| fund at the beginning and ending of the previous fiscal year, the balance of the fund at the end of
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0018| the most recent quarter of the fiscal year and the amount of any interest or capital appreciation
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0019| that accrued to the fund during the most recent quarter of the fiscal year.
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0020|           C.  For purposes of this section, "state agency" means any department,
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0021| board, commission, hospital district, constitutionally or statutorily created public, post-
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0022| secondary educational institution, the mortgage finance authority or the New Mexico
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0023| finance authority.                                   
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