N.M. Stat. § 21-22I-7
Loan repayment fund created.
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.