NM Stat § 21-13A-4 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 13A - Workforce Training|Section 21-13A-4 - Distribution of funds.

A. Beginning in the budget cycle following the effective date of the Workforce Training Act, the commission [department] shall include in its annual budget an amount calculated to be necessary to implement a workforce training program in the state. B. During the first year of funding, a base number of students shall be projected by the commission [department] for each community college offering customized training pursuant to the Workforce Training Act after consultation with each community college. To determine the funding to be distributed to each community college, the total appropriation made by the legislature to implement that act shall be multiplied by a fraction, the numerator of which is the projected number of student credit hours in customized training at the community college receiving the funding and the denominator of which is the total projected number of student credit hours in customized training at all of the community colleges participating in the workforce training program. C. Following the first year of implementation of the Workforce Training Act, the commission [department] shall determine the number of students enrolled in customized training at each community college in the state according to the most recent year for which data is available. D. Using a predetermined credit-hour equivalent of courses normally considered under the tier-2 undergraduate funding level, the amount to be budgeted for the program shall be developed and included in the commission [department] budget for each subsequent fiscal year. E. Beginning in the second year of implementation of the Workforce Training Act, the funding to be distributed to each community college shall be determined by multiplying the total appropriation made by the legislature to implement the Workforce Training Act by a fraction, the numerator of which is the number of student credit hours in customized training at that community college in the prior year and the denominator of which is the total number of student credit hours in customized training in the prior year at all of the community colleges participating in the workforce training program. F. A community college that previously was not included in the distribution but seeks to participate in the workforce training program for the first time shall negotiate with the commission [department] to establish the base level of funding for the community college based on the projected number of students expected to enroll in customized training and shall be added to the formula to determine the budget expansion to be requested. History: Laws 2003, ch. 30, § 4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2005, ch. 289, § 29 provided that all references to the commission on higher education be construed to be references to the higher education department. Cross references. — For work force skills development fund, see 21-13A-6 NMSA 1978. Effective dates. — Laws 2003, ch. 30 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2003, 90 days after adjournment of the legislature. The effective date of the Workforce Training Act, referred to in Subsection A, means the effective date of Laws 2003, ch. 30 which was June 20, 2003.