Section 10-11-128 - Income fund. - New-mexico Statutes

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Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-128

10-11-128. Income fund.

The income fund is the fund to which shall be credited all interest, dividends, rents and other income from investments of the association, all gifts and bequests, all unclaimed member contributions and all other money the disposition of which is not specifically provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978]. There shall be paid or transferred from the income fund all administrative expenses of the association.

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-128

10-11-128. Income fund.

The income fund is the fund to which shall be credited all interest, dividends, rents and other income from investments of the association, all gifts and bequests, all unclaimed member contributions and all other money the disposition of which is not specifically provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978]. There shall be paid or transferred from the income fund all administrative expenses of the association.

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State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-128

10-11-128. Income fund.

The income fund is the fund to which shall be credited all interest, dividends, rents and other income from investments of the association, all gifts and bequests, all unclaimed member contributions and all other money the disposition of which is not specifically provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978]. There shall be paid or transferred from the income fund all administrative expenses of the association.