As used in Chapter 6, Article 10 NMSA 1978:

A. "department" means the department of finance and administration;

B. "deposit" includes share, share certificate and share draft;

C. "eligible governing body" means a local governing body, the governing authority of a tribe or any other governmental or quasi-governmental body created or authorized to be created pursuant to New Mexico statutes;

D. "finance officer" means the chief financial officer of an eligible governing body or a participating government;

E. "local governing body" means a political subdivision of the state, including a school district or a post-secondary educational institution;

F. "participating government" means an eligible governing body or the state treasurer on behalf of the general fund that has invested money in the local government investment pool;

G. "secretary" means the secretary of finance and administration;

H. "treasury" means the master depository or cash concentration account held at the state's fiscal agent bank and administered by the office of the state treasurer, unless the context otherwise clearly indicates; and

I. "tribe" means a federally recognized Indian nation, tribe or pueblo or a subdivision or agency of a federally recognized Indian nation, tribe or pueblo, located wholly or partially in New Mexico.

History: 1978 Comp., § 6-10-1.1, enacted by Laws 1987, ch. 79, § 3; 2003, ch. 273, § 12; 2008, ch. 23, § 1; 2011, ch. 88, § 1; 2013, ch. 65, § 1.

The 2013 amendment, effective June 14, 2013, changed the name of the participating government investment fund to the local government investment pool; and in Subsection F, after "invested money in the", deleted "participating government investment fund" and added "local government investment pool".

The 2011 amendment, effective July 1, 2011, added Subsection H to define "treasury".

The 2008 amendment, effective February 27, 2008, added Subsections C through F and H.

The 2003 amendment, effective July 1, 2003, inserted the Subsection A designation and added Subsections B and C.