2006 New Mexico Statutes - Section 22-8-14 — Public school fund.

22-8-14. Public school fund.

A.     The "public school fund" is created.   

B.     This fund shall be distributed to school districts in the following parts:   

(1)     state equalization guarantee distribution;   

(2)     transportation distribution; and   

(3)     supplemental distributions:   

(a)     out-of-state tuition;   

(b)     emergency; and   

(c)     program enrichment.   

C.     The distributions of the public school fund shall be made by the department within limits established by law.  The balance remaining in the public school fund at the end of each fiscal year shall revert to the general fund unless otherwise provided by law.