N.M. Stat. § 62-21-9
Plan and project termination; deposit of unexpended funds
in general fund.
A. At any time after approval of an essential services development plan, the
governing body of the local government or the governing body of each local government
in a regional government may enact an ordinance terminating the plan and dissolving or
terminating any public support for essential services projects.
B. Any unexpended and unencumbered balance remaining in a local or regional
government's special fund or account upon repeal of an essential services plan and
termination of public support for or dissolution of a project shall be returned to the state
treasurer, who shall deposit the returned amount in the general fund.