N.M. Admin. Code § 4.5.10.11

Current through Register Vol. 35, No. 21, November 5, 2024

Section 4.5.10.11 - LIMITATION ON FUNDING

A. Grant amounts may vary by year and are dependent upon the amount of the gross distribution to the state library. The annual gross distribution is determined in accordance with the provisions of Subsection C of Section 18-18-1, NMSA 1978 (2019).

B. Public and developing libraries shall expend all grant funds during the fiscal year in which they are awarded.

C. Should a library cease providing basic library services prior to or within thirty days of funding; grant funds shall revert to the state library and be re-allocated to other rural libraries.

N.M. Admin. Code § 4.5.10.11

Adopted by New Mexico Register, Volume XXXIII, Issue 22, November 29, 2022, eff. 1/1/2023