A. The "voting system revolving fund" is created. The voting system revolving fund may be used:

(1) by the secretary of state to pay for hardware, software, firmware, maintenance and support for voting systems, whether state- or county-owned, certified for use in state elections; and

(2) by the counties to finance, by contract, the purchase of voting systems and necessary support equipment under the conditions stated in Section 1-9-17 NMSA 1978; provided that no expenditure shall be made pursuant to this paragraph if it would result in a fund balance of less than one million dollars ($1,000,000).

B. The voting system revolving fund may be expended upon vouchers signed by the secretary of finance and administration.

C. If at the end of a fiscal year the voting system revolving fund exceeds six million five hundred thousand dollars ($6,500,000), the amount in excess of six million five hundred thousand dollars ($6,500,000) shall revert to the general fund.

History: 1978 Comp., § 1-9-19, enacted by Laws 1985, ch. 207, § 18; 2001, ch. 233, § 14; 2003, ch. 356, § 27; 2010, ch. 28, § 20.

Cross references. — For the general fund, see 6-4-2 NMSA 1978.

The 2010 amendment, effective March 3, 2010, in the catchline, deleted "Electronic"; in Subsection A, in the first sentence, after "The", deleted "electronic", and in the second sentence, after "The", deleted "electronic"; added Paragraph (1) of Subsection A; in Subsection A(2), at the beginning of the sentence, added "by the counties to"; after "the purchase of", deleted "electronic"; and after "Section 1-9-17 NMSA 1978;", added the remainder of the sentence; in Subsection B, in the first sentence, after "The", deleted "electronic"; and in Subsection C, after "fiscal year the", deleted "electronic".

The 2003 amendment, effective July 1, 2003, substituted "six million five hundred thousand dollars ($6,500,000)" for "four million dollars ($4,000,000)" in the last sentence.

The 2001 amendment, effective June 15, 2001, substituted "systems" for "machines" and "system" for "machine" throughout the section; and substituted "four million dollars ($4,000,000)" for "two million dollars ($2,000,000)" in two places at the end of the section.