Section 21-1-34 - Educational television equipment replacement fund; disbursement. - New Mexico Statutes

21-1-34. Educational television equipment replacement fund; disbursement.

The "educational television equipment replacement fund" is created.  The higher education department shall develop criteria and promulgate rules for the disbursement of money in this fund for the replacement of equipment at educational television stations operated by institutions of higher education.  Disbursement shall be made to the institutions by warrant of the department of finance and administration upon vouchers signed by the secretary of higher education.  It is the intent of the legislature that in subsequent years a specific line item for educational television replacement shall be included in the appropriations recommended for educational television by the department.  The appropriation to the fund in the General Appropriation Act of 1982 shall not revert to the general fund at the end of any fiscal year, and no subsequent appropriation to the fund shall revert unless it contains the sentence "The appropriation to the educational television equipment replacement fund shall revert.".