Statutes, codes, and regulations
New Mexico Administrative Code
Title 2 - PUBLIC FINANCEChapter 20 - ACCOUNTING BY GOVERNMENTAL ENTITIES
Part 1 - ACCOUNTING AND CONTROL OF FIXED ASSETS OF STATE GOVERNMENT, ACCOUNTING FOR ACQUISITIONS AND ESTABLISHING CONTROLS
Section 2.20.1.2 - SCOPE

N.M. Admin. Code § 2.20.1.2

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Current through Register Vol. 36, No. 1, January 14, 2025
Section 2.20.1.2 - SCOPE

This rule applies to all state government agencies as defined in the "Audit Act," Section 12-6-1 NMSA 1978.

A. The term "agency" is intended to be all-inclusive as used in the Audit Act, Section 12-6-2 NMSA 1978.
B. Fixed assets purchased or owned by agencies are included under the definition regardless of the method of acquisition or source of the funds used for purchased assets.

N.M. Admin. Code § 2.20.1.2

09-30-99; Recompiled 10/01/01, Adopted by New Mexico Register, Volume XXX, Issue 24, December 31, 2019, eff. 12/31/2019