- A. The state library shall administer the library bond program.
- B. Allocated funds shall be sent on a reimbursement basis from the state library by check or electronic fund transfers to the library or local funding authority. Libraries must submit a reimbursement request form and expenditure documentation receipts for eligible expenditures prior to being reimbursed. Upon verification of the expenditure documentation receipts, the state library shall approve reimbursement.
- C. Reimbursements shall be submitted in the fiscal year in which the funds were expended.
- D. All requests for reimbursement shall be submitted within the authorized expenditure period.
[4.5.8.11 NMAC - N, 2/14/2008]