N.M. Admin. Code § 6.22.3.9

Current through Register Vol. 35, No. 21, November 5, 2024

Section 6.22.3.9 - ALLOWABLE START-UP COST

A. Start-up cost are limited to obligations which were incurred by the charter school on or after the date of the award letter granting the charter school stimulus funds and which were included in the charter school's stimulus budget as approved by the division.

B. The division may approve the use of stimulus funds for the reasonable and necessary cost for initial start-up of a charter school which may include furniture, equipment, classroom and administrative supplies and materials, curriculum materials, technology, professional development, consultant, architect and attorney fees, other necessary professional, educational or financial services and initial costs associated with renovating or remodeling of existing public buildings and structures.

C. Stimulus funds shall not be used for payment of salaries, out-of-state travel, and attorney costs for litigation or advice relating to litigation or any potential legal issues that are not directly related to start-up activities. The division shall not approve the use of stimulus funds for any costs associated with renovating or remodeling of existing non-public buildings and structures.

D. The division's approval or disapproval of allowable start-up costs shall be final and cannot be appealed to the secretary.

N.M. Admin. Code § 6.22.3.9

6.22.3.9 NMAC - N, 09-15-08