New Mexico Statutes 13-4-14.1. Labor enforcement fund; creation; use

The “labor enforcement fund” is created in the state treasury. The fund shall consist of contractor and subcontractor registration fees collected by the division and all investment and interest income from the fund. The fund shall be administered by the division, and money in the fund is appropriated to the division for administration and enforcement of the Public Works Minimum Wage Act N.M. Stat. Ann. § 13-4-10 to 13-4-17. Money in the fund shall not revert to the general fund at the end of a fiscal year .

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Terms Used In New Mexico Statutes 13-4-14.1

• Fiscal year : The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.