Section 22-15C-3 - School library material fund; creation. - New Mexico Statutes

22-15C-3. School library material fund; creation.

The "school library material fund" is created in the state treasury.  The purpose of the fund is to provide an account from which the department may distribute money to school districts, state institutions and governmentally controlled schools to pay for the cost of purchasing school library material.  The cost of purchasing school library material may include shipping and handling charges for the delivery of school library material.  The fund shall consist of appropriations, gifts, grants, donations and bequests.  Money in the fund is appropriated to the department to pay for the cost of purchasing school library material.  Disbursements from the fund shall be by warrant of the secretary of finance and administration upon vouchers signed by the secretary or the secretary's designated representative.  Money in the fund shall not revert to the general fund at the end of a fiscal year.