US Lawyer Database

Section 60-1A-21 – Inability to receive or administer distributions; New Mexico horse breeders’ association; New Mexico horsemen’s association; commission authority; New Mexico-bred horse registry. (Repealed effective July 1, 2022.)

A. In the event that money allocated to the New Mexico horse breeders’ association pursuant to Section 60-1A-19 NMSA 1978 cannot be received or administered by the New Mexico horse breeders’ association, the commission or another organization designated by the commission and under the absolute control of the commission shall receive and administer the money […]

Section 60-1A-23 – Horse racing suspense account. (Repealed effective July 1, 2022.)

A. The “horse racing suspense account” is created in the state treasury to hold funds remitted to the commission for payment of all legal claims for refunds. B. Money in the horse racing suspense account exceeding three thousand dollars ($3,000) shall be transferred to the taxation and revenue department for deposit in the general fund. […]