N.M. Admin. Code § 4.5.2.11

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

Section 4.5.2.11 - LIMITATION ON FUNDS

A. The grant amounts may vary by year, depending on the amount of the appropriation to the state library by the state legislature and the state library's other budgeted expenses.

B. Libraries shall not use grant funds for administrative or indirect expenses such as budgeting, accounting, financial management, information systems, data processing, and legal services

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

D. Should a library cease providing basic library services prior to or within thirty days of funding; grant funds shall revert to the state library.

N.M. Admin. Code § 4.5.2.11

4.5.2.11 NMAC - Rp, 4.5.2.16 NMAC, 7/1/2009; A, 6/15/2010, Adopted by New Mexico Register, Volume XXVII, Issue 10, May 31, 2016, eff. 6/1/2016