2006 New Mexico Statutes - Section 32A-23-8 — Funds created; administration.

32A-23-8. Funds created; administration.

A.     The "public pre-kindergarten fund" is created as a nonreverting fund in the state treasury.  The fund shall consist of appropriations, income from investment of the fund, gifts, grants and donations.  The fund shall be administered by the public education department, and money in the fund is appropriated to the department to carry out the provisions of the Pre-Kindergarten Act [ 32A-23-1 NMSA 1978].  Disbursements from the fund shall be by warrant of the secretary of finance and administration upon vouchers signed by the secretary of public education or the secretary's authorized representative.  The department may use up to ten percent of the money in the fund each year for administrative expenses.

B.     The "children, youth and families pre-kindergarten fund" is created as a nonreverting fund in the state treasury.  The fund shall consist of appropriations, income from investment of the fund, gifts, grants and donations.  The fund shall be administered by the children, youth and families department, and money in the fund is appropriated to the department to carry out the provisions of the Pre-Kindergarten Act.  Disbursements from the fund shall be by warrant of the secretary of finance and administration upon vouchers signed by the secretary of children, youth and families or the secretary's authorized representative.  The department may use up to ten percent of the money in the fund each year for administrative expenses.