New Mexico Administrative Code
Title 4 - CULTURAL RESOURCES
Chapter 5 - STATE LIBRARY
Part 10 - RURAL LIBRARIES ENDOWMENT GRANTS
Section 4.5.10.11 - LIMITATION ON FUNDING
Universal Citation: 4 NM Admin Code 4.5.10.11
Current through Register Vol. 35, No. 18, September 24, 2024
A. Grant amounts may vary by year and are dependent upon the amount of the gross distribution to the state library. The annual gross distribution is determined in accordance with the provisions of Subsection C of Section 18-18-1, NMSA 1978 (2019).
B. Public and developing libraries shall expend all grant funds during the fiscal year in which they are awarded.
C. Should a library cease providing basic library services prior to or within thirty days of funding; grant funds shall revert to the state library and be re-allocated to other rural libraries.
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