N.M. Admin. Code § 10.25.10.9

Current through Register Vol. 36, No. 1, January 14, 2025

Section 10.25.10.9 - ACCUMULATION OF FUNDS

A. FPF funds cannot be accumulated when the money is not required to accomplish the purpose of the Fire Protection Fund Act or any associated rules promulgated by the fire marshal.

B. FPF funds may be rolled over to subsequent fiscal years for the purposes of accumulating money to procure items or services for use in the operation, maintenance and betterment of the fire department. A request for authorization to rollover and accumulate FPF funds shall accompany the application to participate in distribution. The request must include a detailed description of the intended use of the accumulated money.

C. If the item to be purchased requires rollover and accumulation of FPF funds for more than one-year, only one request and subsequent authorization to accumulate funds is needed. If the item to be purchased changes, a new request for authorization to rollover and accumulate FPF funds shall be submitted to the fire marshal.

N.M. Admin. Code § 10.25.10.9

10.25.10.9 NMAC - Rp, 10.25.10.9 NMAC, 7-15-13