N.M. Admin. Code § 6.43.3.9

Current through Register Vol. 35, No. 24, December 23, 2024

Section 6.43.3.9 - REQUIREMENTS OF SCHOOL DISTRICTS

A.Each school district that receives transportation distributions in accordance with Sections 22-8-26, 22-8-29, 22-8-29.1, 22-8-29.4, and 22-8-29.6, NMSA, 1978 shall report to the department their budget and expenditures on forms provided by the department.

B.School districts shall use their remaining balance as follows.

(1) At least twenty-five percent of the total remaining balance shall be used for to-and-from transportation-related services, excluding salaries and benefits.

(2) Up to twenty-five percent of the total remaining balance may be used for other transportation-related services, excluding salaries and benefits.

(3) The school district may use fifty percent of the total remaining balance for to-and-from transportation-related services, excluding salaries and benefits.

N.M. Admin. Code § 6.43.3.9

07-30-99; 6.43.3.9 NMAC - Rn, 6 NMAC 9.4.3.9, 12-29-2000