Section 22-15A-12 - Educational technology deficiency correction fund - New Mexico Statutes

22-15A-12. Educational technology deficiency correction fund

The "educational technology deficiency correction fund" is created in the state treasury.  The fund shall consist of money appropriated, distributed or transferred to the fund by law.  Earnings from investment of the fund shall be credited to the fund.  Money in the fund is appropriated to the education technology bureau for the purpose of making allocations to correct educational technology deficiencies pursuant to Section 22-15A-11 NMSA 1978.  Except as otherwise provided, any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert.  Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the chief of the education technology bureau.