New Mexico Statutes 32A-23A-6. Early childhood care and education fund; created;
purpose; administration; grant applications.
Terms Used In New Mexico Statutes 32A-23A-6
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
A. The “early childhood care and education fund” is created as a nonreverting fund in the state treasury. The fund shall be administered by the department and shall consist of gifts, grants, donations and bequests made to the fund.
B. Money in the fund is subject to appropriation by the legislature to the department for awarding grants to the council and early childhood care and education providers for carrying out the provisions of the Early Childhood Care and Education Act.
C. The department shall adopt rules on qualifications for grants and specify the format, procedure and deadlines for grant applications. For grants to early childhood care and education providers, the council shall review all grant applications and submit those applications recommended for final approval to the secretary.
D. Disbursements from the fund shall be made upon vouchers issued and signed by the secretary or the secretary’s designee upon warrants drawn by the secretary of finance and administration.