Section 2. Scope

This rule applies to all state government agencies as defined in the "Audit Act," Section 12-6-1 NMSA 1978. A. The term "agency" is intended to be all-inclusive as used in the Audit Act, Section 12-6-2 NMSA 1978. B. Fixed assets purchased or owned by agencies are included under the definition regardless of the method of acquisition or source of the funds used for purchased assets.