N.M. Admin. Code § 10.10.3.19

Current through Register Vol. 35, No. 23, December 10, 2024

Section 10.10.3.19 - SUSPENSION AND TERMINATION OF FUNDING

The state may, after reasonable notice and informal efforts to effect resolution, suspend, in whole or in part, funding for program or project which fails to conform to the requirements of the program or financial regulations and policies or the terms and conditions of its grant award.

A. All successful applicants shall be required to expend at least thirty-five percent of their award by the end of the second quarter and at least seventy percent of their award by the end of the third quarter, of any award period.

B. If a successful applicant fails to expend their funds in accordance with the above-cited requirements, the difference between the actual expenditures and the required expenditures shall be reverted at the end of each milestone/benchmark accordingly.

C. If extenuating circumstances exist, applicants may petition the drug enforcement advisory council through its budget and funding subcommittee for relief of the reversion of un-expended funds.

D. Upon review and analysis of the petition, the budget and funding subcommittee through the grants management bureau, shall forward their recommendation to the secretary of the department for disposition.

E. The cabinet secretary of the department of public safety has the final authority in determining if the reversion shall occur.

N.M. Admin. Code § 10.10.3.19

10.10.3.19 NMAC - Rp, 10.10.3.19 NMAC, 3/29/2013