New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 13 - ALLOCATION AND DISTRIBUTION OF THE ADULT BASIC EDUCATION FUND
Section 5.3.13.10 - DISTRIBUTIONS
Universal Citation: 5 NM Admin Code 5.3.13.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. Adult basic education program fund
(1) Distributions will
be made to state administrative sites upon timely submission of expenditure and
program reports in accordance with procedures established by the higher
education department. Distributions may be requested on a monthly
basis.
(2) Distributions will be
made solely on a reimbursement basis.
(3) Unless otherwise provided by law,
reimbursement will not be made for expenditures not obligated on or before June
30 of the fiscal year for which the allocation is being made.
(4) Performance based funding components will
be used to distribute the adult basic education program allocations.
B. Instructional material fund
(1) Distributions will be made to state
administrative sites according to New Mexico department of finance and
administration rules.
(2) A state
administrative site that has funds remaining for the purchase of instructional
material at the end of the fiscal year shall retain those funds for expenditure
in subsequent years.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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