New Mexico Statutes

§ 21-13A-4 — Distribution of funds

New Mexico·Ch. 21 State and Private Education Institutions·Art. 13A Workforce Training
A.Beginning in the budget cycle following the effective date of the Workforce Training Act, the commission [department] shall include in its annual budget an amount calculated to be necessary to implement a workforce training program in the state.
B.During the first year of funding, a base number of students shall be projected by the commission [department] for each community college offering customized training pursuant to the Workforce Training Act after consultation with each community college. To determine the funding to be distributed to each community college, the total appropriation made by the legislature to implement that act shall be multiplied by a fraction, the numerator of which is the projected number of student credit hours in customized training at the community college r

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Legislative History

Laws 2003, ch. 30, § 4.

Nearby Sections

15
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