{"data":{"id":"us-nm/6-3b-2","jurisdiction":"us-nm","citation":"6-3B-2","heading":"Definitions.","body":"As used in the Public Finance Accountability Act:\nA. \"annual audit\" means the annual audit or examination of the financial affairs of a grantee by an independent auditor required by the Audit Act [12-6-1 through 12-6-15];\nB. \"department\" means the department of finance and administration;\nC. \"grant\" means a non-exchange transaction whereby a state agency makes a capital outlay appropriation or other special purpose appropriation available to a grantee;\nD. \"grant agreement\" means a written agreement pursuant to which a state agency grants a capital outlay appropriation or other special purpose appropriation to a grantee;\nE. \"grantee\" means an entity to which a state agency grants a capital outlay appropriation or other special purpose appropriation;\nF. \"independent auditor\" means a certified public accountant or chartered accountant who has been approved by the state auditor to examine financial records and transactions of a grantee to impartially and objectively determine compliance with generally accepted accounting principles and state laws and rules; and\nG. \"state agency\" means any department, institution, board, bureau, commission, district or committee of state government.","path":["Chapter 6 - Public Finances","ARTICLE 3B Public Finance Accountability"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"efbf964aae5b43aa54eee2c5aa8a153d47524f5c3d18f208b048e1ed62d36b3b","source_id":"us-nm","stale":false,"prev":"us-nm/6-3b-1","next":"us-nm/6-3b-3"},"notice":"GroundRules: Original legal text. Not legal advice."}