Section 76-22-5 - Organic market development fund created. - New-mexico Statutes

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Statutes > New-mexico > Chapter-76 > Article-22 > Section-76-22-5

76-22-5. Organic market development fund created.

There is created in the state treasury the "organic market development fund". No money appropriated to this fund or accruing to it through cooperative research agreements, gifts, grants, bequests, including bequests from a private, public, nonprofit or any other source, advertising, fees from conferences or workshops, civil penalties, sales of promotional items or educational materials, speaker fees, agricultural input approval fees, handbooks, grant administrative costs or any other sources, shall be transferred to another fund or encumbered or disbursed in any manner except for activities conducted pursuant to the Organic Commodity Act. The fund shall not revert at the end of any fiscal year. All interest earned on the fund shall remain in the fund. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the chairman of the commission or his designee for the purpose of paying the cost of the commission's activities conducted pursuant to the Organic Commodity Act.

State Codes and Statutes

Statutes > New-mexico > Chapter-76 > Article-22 > Section-76-22-5

76-22-5. Organic market development fund created.

There is created in the state treasury the "organic market development fund". No money appropriated to this fund or accruing to it through cooperative research agreements, gifts, grants, bequests, including bequests from a private, public, nonprofit or any other source, advertising, fees from conferences or workshops, civil penalties, sales of promotional items or educational materials, speaker fees, agricultural input approval fees, handbooks, grant administrative costs or any other sources, shall be transferred to another fund or encumbered or disbursed in any manner except for activities conducted pursuant to the Organic Commodity Act. The fund shall not revert at the end of any fiscal year. All interest earned on the fund shall remain in the fund. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the chairman of the commission or his designee for the purpose of paying the cost of the commission's activities conducted pursuant to the Organic Commodity Act.

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State Codes and Statutes

Statutes > New-mexico > Chapter-76 > Article-22 > Section-76-22-5

76-22-5. Organic market development fund created.

There is created in the state treasury the "organic market development fund". No money appropriated to this fund or accruing to it through cooperative research agreements, gifts, grants, bequests, including bequests from a private, public, nonprofit or any other source, advertising, fees from conferences or workshops, civil penalties, sales of promotional items or educational materials, speaker fees, agricultural input approval fees, handbooks, grant administrative costs or any other sources, shall be transferred to another fund or encumbered or disbursed in any manner except for activities conducted pursuant to the Organic Commodity Act. The fund shall not revert at the end of any fiscal year. All interest earned on the fund shall remain in the fund. Disbursements from the fund shall be made only upon warrant drawn by the secretary of finance and administration pursuant to vouchers signed by the chairman of the commission or his designee for the purpose of paying the cost of the commission's activities conducted pursuant to the Organic Commodity Act.