N.M. Stat. § 21-19A-10
Distribution of funds.
A. Upon recommendation of the advisory committee, the department shall adopt
formulas and administrative procedures to be used in requesting appropriations of state
funds as a budgetary line item for the apprenticeship system of adult vocational
education.
B. The advisory committee shall prepare an update to the apprenticeship-related
instruction cost study adopted by the department prior to each session of the legislature.
C. Upon recommendation of the advisory committee, the department shall adopt
forms, formulas and administrative procedures for the distribution of available funds to
apprenticeship training programs. Distribution formulas shall be uniform in application
to all local program sponsors.
D. Upon recommendation of the advisory committee, the department shall reserve
until March 1 of each year a percentage of the funds appropriated under the line item
described in this section to be used solely for apprenticeship-related instruction
programs. This percentage shall be established by the formulas required by this
section. Reserved funds that are not obligated on March 1 may be used for preparatory
and supplementary instruction programs as well as related instruction programs.
E. No funds shall be distributed to an apprenticeship committee until the
apprenticeship committee has filed all reports required by the Apprenticeship
Assistance Act and by the department. Funds shall not be distributed to programs not
in compliance with their approved standards. Programs determined to be in
noncompliance with their standards will be required to refund all funds to the
department for the current fiscal year.