N.M. Admin. Code § 6.43.3.9 - REQUIREMENTS OF SCHOOL DISTRICTS
A.
Each school district that receives transportation distributions in
accordance with Sections
22-8-26,
22-8-29,
22-8-29.1,
22-8-29.4, and
22-8-29.6, NMSA, 1978 shall report
to the department their budget and expenditures on forms provided by the
department.
B.
School
districts shall use their remaining balance as follows.
(1) At least twenty-five percent of the total
remaining balance shall be used for to-and-from transportation-related
services, excluding salaries and benefits.
(2) Up to twenty-five percent of the total
remaining balance may be used for other transportation-related services,
excluding salaries and benefits.
(3) The school district may use fifty percent
of the total remaining balance for to-and-from transportation-related services,
excluding salaries and benefits.
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