N.M. Admin. Code § 4.5.8.11

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

Section 4.5.8.11 - ADMINISTRATION OF FUNDS

A. The state library shall administer the library bond program.

B. Allocated funds shall be sent on a reimbursement basis from the state library by check or electronic fund transfers to the library or local funding authority. Libraries must submit a reimbursement request form and expenditure documentation receipts for eligible expenditures prior to being reimbursed. Upon verification of the expenditure documentation receipts, the state library shall approve reimbursement.

C. Reimbursements shall be submitted in the fiscal year in which the funds were expended.

D. All requests for reimbursement shall be submitted within the authorized expenditure period.

N.M. Admin. Code § 4.5.8.11

4.5.8.11 NMAC - N, 2/14/2008