New Mexico Administrative Code
Title 4 - CULTURAL RESOURCES
Chapter 5 - STATE LIBRARY
Part 8 - DISTRIBUTION OF GENERAL OBLIGATION STATE OF NEW MEXICO BOND FUNDS TO PUBLIC LIBRARIES
Section 4.5.8.11 - ADMINISTRATION OF FUNDS

Universal Citation: 4 NM Admin Code 4.5.8.11

Current through Register Vol. 35, No. 18, September 24, 2024

A. The state library shall administer the library bond program.

B. Allocated funds shall be sent on a reimbursement basis from the state library by check or electronic fund transfers to the library or local funding authority. Libraries must submit a reimbursement request form and expenditure documentation receipts for eligible expenditures prior to being reimbursed. Upon verification of the expenditure documentation receipts, the state library shall approve reimbursement.

C. Reimbursements shall be submitted in the fiscal year in which the funds were expended.

D. All requests for reimbursement shall be submitted within the authorized expenditure period.

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