The "state road fund" is created within the state treasury, to which shall be credited all receipts authorized by law to be paid into it. No income earned on the fund shall be transferred to another fund.

History: 1953 Comp., § 55-2-54, enacted by Laws 1973, ch. 145, § 1; 1980, ch. 54, § 1.

The 1980 amendment, effective July 1, 1980, added the second sentence.

Appropriations. — Laws 1996 (1st S.S.), ch. 4, § 39, effective March 21, 1996, appropriates $1,000,000 from the state road fund to the state highway and transportation department [department of transportation] for expenditure in fiscal years 1997 through 2000 for the purpose of completing the Santa Teresa border station in Dona Ana county.

Laws 1996 (1st S.S.), ch. 4, § 40, effective March 21, 1996, appropriates $478,700 from the state road fund to the state highway and transportation department [department of transportation] for expenditure in fiscal years 1997 through 2000 for the purpose of installing salt storage domes at patrol yards in the cities of Taos, Chama and Santa Fe.

Laws 1998, ch. 7, § 31, effective February 17, 1998, appropriates $733,800 from the state road fund to the state highway and transportation department [department of transportation] for expenditure in fiscal years 1998 through 2002 to acquire land, plan, design, construct and equip a maintenance patrol yard near Eagle Nest in Colfax county. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the state road fund.

Laws 1998, ch. 7, § 32, effective February 17, 1998, appropriates $900,000 from the state road fund to the capital program fund for expenditure in fiscal years 1998 through 2002 to acquire land, make site improvements and purchase and erect a modular office building and equip a port-of-entry facility near Santa Teresa in Dona Ana county. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the state road fund.

Laws 1998, ch. 7, § 44, effective February 17, 1998, provides that the balance of the appropriation from the state road fund to the state highway and transportation department [department of transportation] for the purpose of installing salt storage domes at patrol yards in Taos located in Taos county, in Chama located in Rio Arriba county and in Santa Fe located in Santa Fe county pursuant to Laws 1996 (1st S.S.), ch. 4, § 40, shall not be expended for its original purpose but is appropriated to the state highway and transportation department [department of transportation] to purchase and install chemical de-icer storage units throughout the state.

Laws 2004, ch. 126, § 42, effective March 10, 2004, appropriates $1,000,000 from the state road fund to the taxation and revenue department for expenditure in fiscal years 2004 through 2009 for the acquisition of a gas tax automation system for the taxation and revenue department.