New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 60 - INVESTMENT AND DEPOSIT OF PUBLIC FUNDS
Part 2 - AUTHORIZATION, OPERATIONS AND REPORTING OF STATE AGENCY BANK ACCOUNTS AND INVESTMENTS
Section 2.60.2.9 - INVESTMENT ACCOUNTS
Universal Citation: 2 NM Admin Code 2.60.2.9
Current through Register Vol. 35, No. 18, September 24, 2024
A. As used in this policy, the term "investment account" shall mean all in-state certificates of deposit, money market accounts and repurchase agreements.
B. REPORTING PROCEDURES: It is the responsibility of each state agency to provide written constitutional or statutory authority permitting the investments. Investment authority must be submitted to the cash manager on an annual basis beginning January 31, 1984 and each January 1st thereafter. All investment accounts must be reported monthly in writing to the cash manager detailing the type, location and amount of investments held.
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