N.M. Stat. § 22-10C-4
Fund created; method of payment.
The "national board certification scholarship fund" is created as a nonreverting fund
in the state treasury. The fund consists of appropriations, gifts, grants and donations.
The fund is subject to appropriation by the legislature. Money in the fund shall be
expended solely for the purpose of awarding scholarships pursuant to the National
Board Certification Scholarship Act. Payments from the fund shall be on warrant of the
secretary of finance and administration pursuant to vouchers signed by the secretary of
public education or the secretary's authorized representative.