New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 110 - LOCAL GOVERNMENT GRANTS
Part 6 - SCHOOL-TO-WORK OPPORTUNITY GRANT PROGRAM APPLICATION PROCEDURES
Section 2.110.6.12 - APPLICANT'S FINANCIAL OR IN-KIND REQUIREMENTS
Universal Citation: 2 NM Admin Code 2.110.6.12
Current through Register Vol. 35, No. 18, September 24, 2024
A. Implementation grants require at least 50 percent matching funds from the applicant.
B. This requirement can be met by providing, either cash or in-kind services.
C. If the applicant does not charge its administrative costs to the school-to-work grant the match requirement is reduced to 30 percent of the grant amount.
D. Planning grants do not require a local match.
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