New Mexico Statutes Chapter 21. State and Private Education Institutions § 21-2A-12. Extended learning fund created; distribution of fund

The “extended learning fund” is created in the state treasury. Money in the fund is appropriated to the higher education department  1 for the purpose of making awards to public schools and public post-secondary institutions for the purpose of developing and operating extended learning programs throughout the state. The department shall establish by regulation a procedure for application and award of money in the fund. Disbursements of the fund shall be made by warrant of the department of finance and administration pursuant to vouchers signed by the executive secretary of the higher education department. Any unexpended or unencumbered balances remaining in the fund at the end of any fiscal year shall not revert but shall remain to the credit of the fund.