NMSA 1978, § 7-38-73 — 7-38-73

Department of finance and administration to promulgate
regulations regarding accounting for and distribution of property
taxes collected.
The department of finance and administration is authorized and directed to
promulgate regulations covering the receipt of, accounting for and distribution of
amounts received under the Property Tax Code by county treasurers as taxes. The
department of finance and administration may provide in these regulations for the
withholding of amounts of taxes to which the state is entitled to distribution in those
instances when delinquent property taxes are paid to the department, but the
regulations shall require that withheld taxes must be credited and shown as paid by the
county treasurer on the property tax schedule.