2011 New Mexico Statutes
Chapter 22: Public Schools
Article 8: Public School Finance, 22-8-1 through 22-8-48
Section 22-8-44: Educator licensure fund; distribution; appropriation.
22-8-44. Educator licensure fund; distribution; appropriation.
A. The "educator licensure fund" is created in the state treasury and shall be administered by the department. The fund shall consist of money collected from application fees for licensure or for renewal of licensure by the department.
B. Subject to legislative appropriation, money in the fund is appropriated to the department for the following purposes:
(1) to fund the educator background check program;
(2) to enforce educator ethics requirements; and
(3) to process applications for licensure or for renewal of licensure, including review of professional development dossiers.
C. Money in the fund and any interest that may accrue to the fund shall not revert at the end of the fiscal year but shall remain to the credit of the fund.
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