2006 New Mexico Statutes - Section 22-8-12.1 — Membership projections and budget requests.

22-8-12.1. Membership projections and budget requests.

A.     Each local school board shall submit annually, on or before October 15, to the department:   

(1)     an estimate for the succeeding fiscal year of:   

(a)     the membership of qualified students to be enrolled in the basic program;   

(b)     the full-time-equivalent membership of students to be enrolled in approved early childhood education programs; and   

(c)     the membership of students to be enrolled in approved special education programs;   

(2)     all other information necessary to calculate program costs; and   

(3)     any other information related to the financial needs of the school district as may be requested by the department.   

B.     All information requested pursuant to Subsection A of this section shall be submitted on forms prescribed and furnished by the department and shall comply with the department's rules and procedures.   

C.     The department shall:   

(1)     review the financial needs of each school district for the succeeding fiscal year; and   

(2)     submit annually, on or before November 30, to the secretary of finance and administration the recommendations of the state board [department] for:   

(a)     amendments to the public school finance formula;   

(b)     appropriations for the succeeding fiscal year to the public school fund for inclusion in the executive budget document; and   

(c)     appropriations for the succeeding fiscal year for pupil transportation and instructional materials.