The "children, youth and families worker loan repayment fund" is created in the state treasury. The fund consists of appropriations, repayment of awards and interest received by the department, income from investment of the fund, gifts, grants and donations. The fund shall be administered by the department, and money in the fund is appropriated to the department to make loan repayment awards pursuant to the Children, Youth and Families Worker Loan Repayment Act. Money in the fund at the end of a fiscal year shall not revert to any other fund. All payments for loan repayment awards shall be made on warrants of the secretary of finance and administration on vouchers signed by the secretary of higher education or the secretary's authorized representative.
History: Laws 2015, ch. 16, § 7.
Effective dates. — Laws 2015, ch. 16, § 9 made Laws 2015, ch. 16, § 7 effective July 1, 2015.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 22I - Children, Youth and Families Worker Loan Repayment
Section 21-22I-1 - Short title.
Section 21-22I-3 - Definitions.
Section 21-22I-4 - Powers and duties.
Section 21-22I-5 - Awards; criteria; contract terms.
Section 21-22I-6 - Contracts; enforcement; cancellation.