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Current as of January 01, 2024 | Updated by Findlaw Staff
A. Each local school board or governing body of a state-chartered charter school shall submit annually, on or before October 15, to the department:
(1) an estimate for the succeeding fiscal year of:
(a) the membership of qualified students to be enrolled in the basic program;
(b) the full-time-equivalent membership of students to be enrolled in approved early childhood education programs; and
(c) the membership of students to be enrolled in approved special education programs;
(2) all other information necessary to calculate program costs; and
(3) any other information related to the financial needs of the school district or state-chartered charter school as may be requested by the department.
B. All information requested pursuant to Subsection A of this section shall be submitted on forms prescribed and furnished by the department and shall comply with the department's rules and procedures.
C. The department shall:
(1) review the financial needs of each school district or state-chartered charter school for the succeeding fiscal year; and
(2) submit annually, on or before November 30, to the secretary of finance and administration the recommendations of the department for:
(a) amendments to the public school finance formula;
(b) appropriations for the succeeding fiscal year to the public school fund for inclusion in the executive budget document; and
(c) appropriations for the succeeding fiscal year for pupil transportation and instructional materials.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 22. Public Schools § 22-8-12.1. Membership projections and budget requests - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-22-public-schools/nm-st-sect-22-8-12-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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