A. Annually, one million dollars ($1,000,000) shall be distributed from the improvement of Rio Grande income fund to the forest land protection revolving fund.

B. There is appropriated annually all money remaining in the improvement of the Rio Grande income fund after the distribution pursuant to Subsection A of this section or as much thereof as may be necessary for the purpose of complying with Sections 72-14-4 through 72-14-6 and 72-14-9 through 72-14-28 NMSA 1978 and to fulfill and carry out their purposes and intentions. The appropriations authorized shall be paid, from time to time as may be necessary, upon vouchers approved by the interstate stream commission.

History: Laws 1935, ch. 24, § 3; 1941 Comp., § 77-3306; Laws 1947, ch. 131, § 3; 1953 Comp., § 75-34-6; Laws 1973, ch. 201, § 3; 1997, ch. 241, § 3; 1997, ch. 246, § 3; 2019, ch. 62, § 8.

The 2019 amendment, effective June 14, 2019, made a distribution from the improvement of Rio Grande income fund to the forest land protection revolving fund; added new Subsection A and new subsection designation "B."; and in Subsection B, after "all money", added "remaining", and after "Rio Grande income fund", added "after the distribution pursuant to Subsection A of this section".

The 1997 amendment, effective June 20, 1997, substituted "72-14-4 through 72-14-6 and 72-14-9 through 72-14-28 NMSA 1978" for "75-34-4 through 75-34-6 NMSA 1953" in the first sentence and made minor stylistic changes throughout the section.

Laws 1997, ch. 241, § 3 and Laws 1997, ch. 246, § 3, both effective June 20, 1997, enacted identical amendments to this section. The section was set out as amended by Laws 1997, ch. 246, § 3. See 12-1-8 NMSA 1978.