Statutes, codes, and regulations
New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATIONChapter 20 - PUBLIC SCHOOL FINANCE - BUDGETING AND ACCOUNTING
Part 2 - GOVERNING BUDGETING AND ACCOUNTING FOR NEW MEXICO PUBLIC SCHOOLS AND SCHOOL DISTRICTS
Section 6.20.2.15 - INVESTMENTS

N.M. Admin. Code § 6.20.2.15

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Current through Register Vol. 35, No. 21, November 5, 2024
Section 6.20.2.15 - INVESTMENTS
A. The school district shall account for public money placed in interest-bearing deposits in accordance with Sections 22-8-40(C) through (G), NMSA 1978; Section 6-10-17, NMSA 1978; Section 6-10-31, NMSA 1978, and other federal and state laws applicable to the investment of public school money.
B. Pledged collateral: School districts shall require pledged collateral for all cash and investments in accordance with Section 22-8-40, NMSA 1978.

N.M. Admin. Code § 6.20.2.15

12-08-89, 02-03-93, 11-01-97, 01-15-99, 09-15-99; 6.20.2.15 NMAC - Rn, 6 NMAC 2.2.1.15, 05-31-01