N.M. Admin. Code § 18.11.10.16 - FUNDING RESTRICTIONS
Each eligible recipient awarded a grant will be expected to execute a grant agreement with the division before it begins spending funds under a grant award. Applicants should therefore not assume they have received grants, nor obligate or spend local funds, prior to receiving and fully executing grant agreements. Funding from the grant may not be used to pay for expenditures made prior to the execution of the grant agreements. The division may not disburse any money from a grant until approval and execution by all required parties and the division has received a request to draw money from the grant from the recipient of the grant.
Notes
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