New Mexico Statutes Chapter 22. Public Schools § 22-15-8.1. Instructional material adoption fund

The “instructional material adoption fund” is created in the state treasury. The fund consists of fees charged to publishers to review their instructional materials, income from investment of the fund, gifts, grants and donations. Money in the fund shall not revert to any other fund at the end of a fiscal year. The fund shall be administered by the department and money in the fund is appropriated to the department to pay expenses associated with adoption of instructional material for the multiple list.