New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 5 - POST-SECONDARY EDUCATIONAL PROGRAMS
Part 51 - DEVELOPMENT EMPLOYMENT FUNDING FOR FILM AND MULTIMEDIA PRODUCTION COMPANIES
Section 5.5.51.12 - REIMBURSEMENT OF TRAINING COSTS
Current through Register Vol. 35, No. 18, September 24, 2024
A. Reimbursement shall be made to the participating company in accordance with the terms of JTIP for film and multimedia agreement for FCAP.
B. Failure to fully and accurately complete administrative requirements may delay reimbursement payment.
C. The claim or invoice for reimbursement may be submitted during the agreement period, when trainees complete the number of agreement hours.
D. Trainee wages shall be reimbursed upon completion of the training project, not to exceed 1,040 hours for (FCAP) for physical production and FCAP for qualifying permanent companies and not to exceed 640 for FCAP for qualifying permanent emerging media and digital media companies, at the conclusion of the production in New Mexico.
E. Reimbursement from the state shall be based on the FCAP agreement.
F. Reimbursements shall be based upon the number of trainees who have qualified for the training program.
G. Reimbursement shall not exceed fifty percent of the trainees' rates.
H. Training costs shall be reimbursed to the company based on the number of qualified participants and their wages from hours physically worked.
I. The agreement amount established shall remain the same for the length of the agreement.
J. Trainee wages shall be reimbursed upon completion of training with the company which shall not exceed 1,040 hours per approved trainee application at the conclusion of training in New Mexico and when company qualifications and requirements have been met.
K. The New Mexico film division shall make arrangements to have an audit at the end of the agreement that may be facilitated by and completed at the New Mexico film division to verify program compliance by either an independent accountant or a representative of the New Mexico film division.
L. In the case where overpayment has been made by the state of New Mexico to the company, the company shall refund the department the difference of the correct reimbursement payment from the paid reimbursement amount.
M. The New Mexico film division may not issue reimbursement payment until all obligations the company has incurred have been paid in New Mexico as related to the New Mexico film credit program.
