New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATION
Chapter 23 - PUBLIC SCHOOL FINANCE - COOPERATIVE AGREEMENTS
Part 3 - REGIONAL EDUCATION COOPERATIVES
Section 6.23.3.12 - FUNDING SOURCES
Universal Citation: 6 NM Admin Code 6.23.3.12
Current through Register Vol. 35, No. 6, March 26, 2024
A. Funding sources may include funds from federal grant allocations and general revenues of the membership and revenue from revenue-generating education-related services to nonmembers.
B. With council approval, a cooperative may apply for and receive public and private grants, gifts, donations, bequests and devises and use them to further the purposes and goals of the cooperative.
C. All revenues shall be receipted by the cooperative and budgeted in accordance with procedures established by the department in accordance with Subsection A, Paragraph (2) of 6.23.3.10 NMAC.
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