N.M. Stat. § 6-4-6
Expenditures authorized to maintain cash flow.
For cash flow purposes all amounts that have been appropriated for general
government purposes may be used to pay current expenses and obligations of state
government regardless of the specific fund or account to which the accounting records
of the state government may show those funds or accounts allocated or appropriated.
Nothing in this section authorizes:
A. the payment of expenses or obligations of state government from any fund or
account unless it may reasonably be expected that at the end of the fiscal year the
balances in that fund or account will be fully restored; or
B. the transfer or use of the following amounts to pay current expenses or
obligations of state government unless there is a specific authorization for such a
transfer or payment in a current law other than this section:
(1)
revenues deposited for credit to any permanent fund;
(2)
revenues deposited and pledged for the payment of principal and interest
on any evidence of indebtedness of the state;
(3)
federal revenues deposited for payment for a specific program; and
(4)
any income from the permanent fund or from any other fund if the
expenditure or transfer of that income would violate a constitutional, enabling act or trust
provision.