N.M. Admin. Code § 6.23.3.12 - FUNDING SOURCES
A. Funding
sources may include funds from federal grant allocations and general revenues
of the membership and revenue from revenue-generating education-related
services to nonmembers.
B. With
council approval, a cooperative may apply for and receive public and private
grants, gifts, donations, bequests and devises and use them to further the
purposes and goals of the cooperative.
C. All revenues shall be receipted by the
cooperative and budgeted in accordance with procedures established by the
department in accordance with Subsection A, Paragraph (2) of
6.23.3.10 NMAC.
Notes
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