AN ACT

RELATING TO EDUCATION; CREATING THE NEW MEXICO GOVERNMENT EDUCATION FUND.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. A new section of the Public School Code is enacted to read:

     "NEW MEXICO GOVERNMENT EDUCATION FUND.--

          A. The "New Mexico government education fund" is created in the state treasury.

          B. The New Mexico government education fund shall consist of appropriations by the legislature, gifts, grants and donations.

          C. The New Mexico government education fund shall be administered by the department. Money in the fund is appropriated to the department to contract for annual, week-long, high school civics courses focusing on New Mexico state government for boys and girls to be held at varying post-secondary educational institutions in New Mexico.

          D. Disbursements from the New Mexico government education fund shall be made by warrant of the department of finance and administration pursuant to vouchers signed by the secretary.

          E. Any unexpended or unencumbered balance remaining in the fund at the end of a fiscal year shall not revert but shall remain to the credit of the New Mexico government education fund."

HB 268

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