New Mexico § 63-9J-5 Education technology infrastructure fund created; use

New Mexico Statutes

§ 63-9J-5 — Education technology infrastructure fund created; use

New Mexico·Ch. 63 Railroads and Communications·Art. 9J Broadband Access and Expansion

A. The "education technology infrastructure fund" is created in the state treasury. The fund consists of:

(1)appropriations, gifts, grants and donations; and (2) the proceeds of supplemental severance tax bonds appropriated to the fund pursuant to Section 7-27-12.6 NMSA 1978 for education technology projects. B. Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the director. C. The fund may be expended annually by the broadband office for education technology infrastructure projects that are in conformance with the standards and guidelines developed pursuant to this 2025 act and grants to school districts for education technology projects, including expenses for management of such projects; provided

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A. The "education technology infrastructure fund" is created in the state treasury. The fund consists of: (1) appropriations, gifts, grants and donations; and (2) the proceeds of supplemental severance tax bonds appropriated to the fund pursuant to Section 7-27-12.6 NMSA 1978 for education technology projects. B. Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the director. C. The fund may be expended annually by the broadband office for education technology infrastructure projects that are in conformance with the standards and guidelines developed pursuant to this 2025 act and grants to school districts for education technology projects, including expenses for management of such projects; provided that the total amount of project management expense assistance from the fund per project shall not exceed five percent of the project grant. D. The broadband office shall promulgate rules necessary to administer the education technology infrastructure fund.

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