{"data":{"id":"us-nm/6-3b-4","jurisdiction":"us-nm","citation":"6-3B-4","heading":"Grant management and oversight requirements.","body":"The department shall establish grant management and oversight requirements that, at a minimum, require state agencies to:\nA. ensure that sales, leases and licenses of capital assets acquired with capital outlay appropriations and special purpose appropriations granted to a grantee are approved in accordance with applicable law;\nB. in the event no oversight agency is required to approve of a sale, lease or license of capital assets acquired with capital outlay appropriations and special purpose appropriations granted to a grantee, independently confirm that the disposition of capital assets complies with applicable law and that the grantee is receiving adequate consideration in exchange for the capital assets;\nC. utilize the appropriate capital outlay grant agreement template developed by the department; and\nD. conduct field audits of capital outlay projects, on a statistical or stratified basis, in accordance with procedures and policies prescribed by the department.","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":"8846bac2b1f31cdc0e2193283256211db6f621c5f2ace7eedbb7e6f898bed2fe","source_id":"us-nm","stale":false,"prev":"us-nm/6-3b-3","next":"us-nm/6-3b-5"},"notice":"GroundRules: Original legal text. Not legal advice."}