Section 22-15A-8 - Educational technology fund; created. - New Mexico Statutes

22-15A-8. Educational technology fund; created.

The "educational technology fund" is created in the state treasury.  Money in the fund is appropriated to the department of education for the purpose of implementing the provisions of the Technology for Education Act [22-15A-1 NMSA 1978].  Money in the fund shall be distributed in the manner provided in the Technology for Education Act. Money in the fund shall only be expended pursuant to warrants issued by the department of finance and administration pursuant to vouchers signed by the chief or the state superintendent [secretary]. Money in the fund shall not revert at the end of the fiscal year but shall remain to the credit of the fund.