Gov. Susana Martinez's administration
is tightening controls over capital improvement financing by requiring that
local governments, school districts and others in New Mexico have a current
audit before state money is released for a project.
Martinez issued an executive
order on Thursday to ensure that capital project financing goes only to
governmental organizations that have completed their annual audits and
corrected any problems identified by auditors.
The administration developed the
new guidelines after reviewing this year's $215 million in capital projects and
determining that some were for governmental groups late in submitting financial
audits required under current law.
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