Section 21-21M-7 - Fund created. - New Mexico Statutes

21-21M-7. Fund created.

The "students with disabilities scholarship fund" is created as a nonreverting fund in the state treasury.  The fund consists of appropriations, gifts, grants, donations and income from investment of the fund.  The department shall administer the fund and, subject to appropriation by the legislature, shall provide scholarships to students with disabilities as provided in the Students with Disabilities Scholarship Act.  Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary or the secretary's authorized representative.