N.M. Stat. § 35-7-5
Magistrate administration; public money; commingling;
trust fund bank account.
A. All money collected by a magistrate court in connection with civil and criminal
actions is public money of the state held in trust by the district court within the same
judicial district until disbursed in accordance with law. Public money shall not be
commingled with personal funds of the magistrate or any other funds.
B. Every district court shall maintain a special trust fund checking account for the
magistrate courts in its judicial district in a convenient bank insured by the federal
deposit insurance corporation and shall deposit all public money into the account within
two banking days after its receipt.