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NM governor tightens control over capital projects

May 3, 2013 • State News

SANTA FE, N.M. (AP) — Gov. Susana Martinez’s administration is tightening controls over capital improvement financing by requiring local governments, school districts and others in New Mexico to have a current audit before state money is released for a project.

Martinez issued an executive order Thursday that directed the Department of Finance and Administration to implement requirements ensuring capital project financing goes only to governmental organizations that have completed their annual audits and corrected any problems identified by auditors.

“Taking this step establishes a reasonable expectation of basic financial control and should improve the likelihood that capital projects are completed in a responsible and Login to read more

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