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Fri July 5, 2013
NM Withholds Capital Funding Over Audit Issues
Gov. Susana Martinez's administration is following through on its promise to tightening controls over capital improvement financing.
Martinez issued an executive order in May requiring local governments, school districts and others in New Mexico to have a current audit before state money is released for a project.
Now, the state Department of Finance and Administration has suspended more than $13 million in funding for 122 capital projects around the state. That includes nearly $1 million for Eddy County.
A spokesman for the agency tells the Carlsbad Current-Argus that communities can still get the money that was appropriated by the Legislature as long as they solve any problems with their audits by June 2015.
Those governments affected range from the state's largest city to small villages.
Copyright 2013 The Associated Press.