2017 New Mexico Statutes
Chapter 22 - Public Schools
Article 9 - Federal Aid to Education
Section 22-9-7 - Federal grant-in-aid funds; custody; deposit; disbursement.
22-9-7. Federal grant-in-aid funds; custody; deposit; disbursement.
The state treasurer is the trustee for all funds apportioned to the state under any act of congress and he is directed to enter into agreements with, and to comply with the rules and regulations of, such agencies of the federal government as are necessary to procure for the state grants of federal aid to education. Any funds received under any act of congress shall be held by the state treasurer in special funds designated in accordance with the purposes of the grant made and shall be paid out by him only on warrant of the secretary of finance and administration. Warrants shall be issued only upon voucher of the superintendent of public instruction for disbursements other than for rural library service. Disbursements made for rural library service shall be made only upon voucher issued by the state librarian.
History: Laws 1939, ch. 162, 2; 1941 Comp., 55-519; 1953 Comp., 73-6-32; Laws 1961, ch. 126, 8; 1977, ch. 247, 192.
