New Mexico Statutes

§ 22-8-29.4 — Transportation distribution adjustment factor

New Mexico § 22-8-29.4
JurisdictionNew Mexico
Ch. 22Public Schools
Art. 8Public School Finance

This text of New Mexico § 22-8-29.4 (Transportation distribution adjustment factor) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 22-8-29.4 (2026).

Text

A. The department shall establish a transportation distribution adjustment factor. The adjustment factor shall be calculated as follows:

(1)calculate the unadjusted transportation allocation for each school district and state-chartered charter school, designated in Section 22-8-29.1 NMSA 1978 as product A plus product B;
(2)the sum total of product A plus product B in all school districts and state- chartered charter schools added together equals product C; and (3) subtract product C from the total operational transportation distribution for the current year and divide the result by product C and then add 1 in the following manner: "[(total operational transportation distribution - C) ÷ C] + 1". The result is the transportation distribution adjustment factor. B. As used in this section,

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Legislative History

Laws 1995, ch. 208, § 13; 1999 (1st S.S.), ch. 11, § 4; 2006, ch. 94, § 21.

Nearby Sections

15
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Bluebook (online)
New Mexico § 22-8-29.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/22/22-8-29.4.