House Bill 77 - New Mexico Legislature
House Bill 77 - New Mexico Legislature
House Bill 77 - New Mexico Legislature
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B. All money received by the department pursuant to<br />
the provisions of the Firearm Transfer Act shall be deposited<br />
by the state treasurer for credit to the firearm transfer fund.<br />
The state treasurer shall invest the fund as all other state<br />
funds are invested, and income from investment of the fund<br />
shall be credited to the fund. Balances remaining at the end<br />
of any fiscal year shall not revert to the general fund and may<br />
be used to maintain the state's criminal history database.<br />
C. Money in the firearm transfer fund is<br />
appropriated to the department to carry out the provisions of<br />
the Firearm Transfer Act.<br />
SECTION 14. EFFECTIVE DATE.--The effective date of the<br />
provisions of this act is January 1, 2014.<br />
.190232.3<br />
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