6.23.3.12

FUNDING SOURCES

1. A. Funding sources may include funds from federal grant allocations and general revenues of the membership and revenue from revenue-generating education-related services to nonmembers.
2. B. With council approval, a cooperative may apply for and receive public and private grants, gifts, donations, bequests and devises and use them to further the purposes and goals of the cooperative.

3. C. All revenues shall be receipted by the cooperative and budgeted in accordance with procedures established by the department in accordance with Subsection A, Paragraph (2) of 6.23.3.10 NMAC.

   [12-31-98; 6.23.3.12 NMAC - Rn, 6 NMAC 11.3.2.12, 06-14-01; A, 11-13-09]

   HISTORY OF 6.23.3 NMAC:

   PRE-NMAC HISTORY: The material in this part was derived from that previously filed with the Commission of Public Records - State Records Center and Archives under SBE Regulation 93-23, Relating to Regional Education Cooperatives, 11/3/93.