Section 58-30-6 NMSA 1978:
A. The "individual development account council" is created. The council shall:
(1) provide oversight of the administration of the Individual Development Account Act;
(2) suggest possible changes that benefit account owners or improve the effectiveness of the individual development account programs throughout the state; and
(3) obtain subject matter expertise through attendance at conferences and workshops related to asset- building strategies.
B. The individual development account council shall meet at least two times in a calendar year to perform its duties.
C. The individual development account council shall consist of the lieutenant governor or the lieutenant governor's designee and eight members appointed by the governor to represent the state geographically. The director or the director's designee shall serve as an ex-officio member of the council.
D. Appointed members of the individual development account council shall receive per diem and mileage pursuant to the Per Diem and Mileage Act [10-8-1 NMSA 1978] for attendance at required meetings and at authorized conferences and workshops and shall receive no other compensation, perquisite or allowance for their participation on the council.
E. The office shall provide adequate staff support and administrative services for the individual development account council.
Source: Inventory of Statutory Executive Boards and Commissions, Legislative Council Service 2010 Update