§ 22-8-1 Short title
§ 22-8-2 Definitions
§ 22-8-3 Office of education abolished; functions transferred
§ 22-8-4 Department; duties
§ 22-8-5 Rules; procedures
§ 22-8-5.1 Procurement, travel and gas cards
§ 22-8-6 Operating budgets; educational plans; submission; certain reports; failure to submit
§ 22-8-6.1 Charter school operating budgets; maximum MEM
§ 22-8-7 Manner of budget submission
§ 22-8-7.1 Certain school district budgets
§ 22-8-8 Budgets; minimum student membership
§ 22-8-9 Budgets; minimum requirements
§ 22-8-10 Budgets; fixing the operating budget
§ 22-8-11 Budgets; approval of operating budget
§ 22-8-12 Operating budgets; amendments
§ 22-8-12.1 Membership projections and budget requests
§ 22-8-12.3 Local school board finance subcommittee; audit committee; membership; duties
§ 22-8-13 Reports
§ 22-8-13.1 School district and charter school audits; sanctions for not submitting timely audit reports
§ 22-8-13.2 Financial reporting
§ 22-8-13.3 Reporting system; reporting requirements
§ 22-8-14 Public school fund
§ 22-8-15 Allocation limitation
§ 22-8-16 Payment to school districts
§ 22-8-17 Program cost determination; required information
§ 22-8-18 Program cost calculation; local responsibility
§ 22-8-19 Early childhood education program units
§ 22-8-19.1 Preschool programs; selected districts
§ 22-8-20 Basic program units
§ 22-8-21 Special education program units
§ 22-8-22 Bilingual multicultural education program units
§ 22-8-23 Size adjustment program units
§ 22-8-23.1 Enrollment growth program units
§ 22-8-23.2 New district adjustment; additional program units
§ 22-8-23.3 At-risk program units
§ 22-8-23.4 National board for professional teaching standards;
§ 22-8-23.5 Fine arts education program units
§ 22-8-23.6 Charter school student activities program unit
§ 22-8-23.7 Elementary physical education program units
§ 22-8-23.8 Home school student activities program unit
§ 22-8-23.9 Home school student program units
§ 22-8-23.12 New program funding
§ 22-8-23.13 Public education reform fund created
§ 22-8-23.14 K-12 plus program units; additional program units
§ 22-8-24 Instructional staff training and experience index;
§ 22-8-25 State equalization guarantee distribution; determination of amount
§ 22-8-25.1 Additional per unit distribution from public school fund
§ 22-8-26 Transportation distribution
§ 22-8-27 Transportation equipment
§ 22-8-29 Transportation distributions; reports; payments
§ 22-8-29.1 Calculation of transportation allocation
§ 22-8-29.4 Transportation distribution adjustment factor
§ 22-8-29.6 Transportation emergency fund
§ 22-8-30 Supplemental distributions
§ 22-8-31 State-support reserve fund
§ 22-8-32 Current school fund; receipts; disposition
§ 22-8-33 Distribution of certain revenue
§ 22-8-34 Federal mineral leasing funds
§ 22-8-35 Tax anticipation certificates
§ 22-8-36 Certification of allocations; fund accounts
§ 22-8-37 Public school funds
§ 22-8-38 Boards of finance; designation
§ 22-8-39 Boards of finance; suspension
§ 22-8-40 Deposit of public school funds; distribution; interest
§ 22-8-40.1 Deposit of public school funds; providing exception on interest rate limitation for “NOW” accounts
§ 22-8-41 Restriction on operational funds; emergency accounts;
§ 22-8-42 Violation of act; penalties
§ 22-8-43 Public school reading proficiency fund; created
§ 22-8-44 Educator licensure fund; distribution; appropriation
§ 22-8-45 Teacher professional development fund
§ 22-8-45.1 Beginning teacher mentorship fund; created
§ 22-8-47 New Mexico government education fund
§ 22-8-48 New school development fund; distribution
§ 22-8-49 Teacher cost index; licensure-experience factor; report

Terms Used In New Mexico Statutes > Chapter 22 > Article 8 - Public School Finance

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Veto: The procedure established under the Constitution by which the President/Governor refuses to approve a bill or joint resolution and thus prevents its enactment into law. A regular veto occurs when the President/Governor returns the legislation to the house in which it originated. The President/Governor usually returns a vetoed bill with a message indicating his reasons for rejecting the measure. In Congress, the veto can be overridden only by a two-thirds vote in both the Senate and the House.