New Mexico § 22-8F-4 Threshold for funding distribution; distribution of family

New Mexico Statutes

§ 22-8F-4 — Threshold for funding distribution; distribution of family

New Mexico § 22-8F-4

Ch. 22Public Schools

Art. 8FFamily Income Index

This text of New Mexico § 22-8F-4 (Threshold for funding distribution; distribution of family) 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. § 22-8F-4 (2026).

Text

income index funds; allocations to eligible public schools. A. Except as provided in Subsection E of this section, each year, to determine the number of public schools that are eligible for family income index allocations through their respective school districts, the department shall:

(1)identify the school districts that have public schools within the fifty percent of public schools on the department's ranked list pursuant to Subsection E of Section 3 [22-8F-3 NMSA 1978] of the Family Income Index Act with the highest family income indices; and (2) multiply the total number of public schools within each of the school districts that are identified in Paragraph (1) of this subsection by one-tenth, and if the product is:

(a)less than one, the product shall be rounded to one; and (b) more

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income index funds; allocations to eligible public schools. A. Except as provided in Subsection E of this section, each year, to determine the number of public schools that are eligible for family income index allocations through their respective school districts, the department shall: (1) identify the school districts that have public schools within the fifty percent of public schools on the department's ranked list pursuant to Subsection E of Section 3 [22-8F-3 NMSA 1978] of the Family Income Index Act with the highest family income indices; and (2) multiply the total number of public schools within each of the school districts that are identified in Paragraph (1) of this subsection by one-tenth, and if the product is: (a) less than one, the product shall be rounded to one; and (b) more than one, the product shall be rounded to the nearest whole number. B. The number of eligible public schools within a school district identified in Paragraph (1) of Subsection A of this section for which funding may be allocated pursuant to this section is equal to the rounded product determined pursuant to Paragraph (2) of Subsection A of this section. Each year, the public schools that are eligible for an allocation are those public schools within each school district that have the highest family income indices. C. An allocation for an eligible public school is limited to the greater of that public school's proportional share as determined pursuant to Subsection D of this section or twenty thousand dollars ($20,000). D. To determine the proportional share of funding that the department distributes to a school district for each eligible public school, the number of eligible students in each eligible public school shall be divided by the total number of eligible students at all eligible public schools. Each eligible public school's proportional share shall be multiplied by the total amount appropriated for distribution pursuant to the Family Income Index Act. E. The legislature may establish a different percentage of public schools to be considered pursuant to Paragraphs (1) and (2) of Subsection A of this section. F. A family income index distribution to a school district for allocation to an eligible public school shall be used exclusively at that public school for the interventions specified in Section 5 [22-8F-5 NMSA 1978] of the Family Income Index Act. G. For the purposes of this section, "eligible students" means students with household incomes in the extremely low income or very low income categories.