N.M. Stat. § 72-1-12
Indian water rights settlement fund.
The "Indian water rights settlement fund" is created in the state treasury to facilitate
the implementation of the state's portion of Indian water rights settlements. The fund
consists of appropriations, gifts, grants, donations, income from investment of the fund
and money otherwise accruing to the fund. Money in the fund shall not revert to any
other fund at the end of a fiscal year. Money in the Indian water rights settlement fund
shall be used to pay the state's portion of the costs necessary to implement Indian water
rights settlements approved by the legislature and the United States congress. The
interstate stream commission shall administer the fund and money in the fund is
appropriated to the commission to carry out the purposes of the fund. Money in the fund
shall be disbursed on warrants of the secretary of finance and administration pursuant
to vouchers signed by an authorized representative of the interstate stream
commission.