New Mexico Statutes

§ 21-21Q-5 — Fund created; disbursement

New Mexico·Ch. 21 State and Private Education Institutions·Art. 21Q Community Governance Attorney
A.The "community governance attorney and conditional tuition waiver fund" is created in the state treasury. The fund shall consist of money appropriated, donated or otherwise accruing to the fund. All payments for repayment of waivers and penalties shall be credited to the fund. Balances in the fund shall not revert to any other fund at the end of a fiscal year.
B.Expenditures from the fund shall only be used to make waivers to participants in the program, to pay contracts for community governance attorney services and to pay the administrative expenses associated with the program and collection activity on its behalf; provided that no more than five percent of the annual expenditures from the fund shall be for administrative costs. The department shall require an annual accounting from

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Legislative History

Laws 2019, ch. 43, § 5.

Nearby Sections

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