N.M. Admin. Code § 5.5.4.8 - ADMINISTRATION
A. The commission
shall assign a separate fund and organization code for the ELF in an
interest-bearing account with the New Mexico state treasurer and the New Mexico
department of finance and administration.
B. At the beginning of each fiscal year, the
commission shall budget funds available in the ELF for expenditure.
C. Upon receipt of a list of proposals
approved by the commission for awards, commission staff shall implement the
appropriate purchase documents and vouchers to distribute awarded funds to the
appropriate institutions.
D.
Interest on unexpended and unencumbered balances shall be credited to the ELF,
and budgeted in the following fiscal year for expenditure.
E. Institutions shall refund to the
commission any balances remaining in project accounts at the end of the fiscal
year(s) for which ELF funds were awarded.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.