New Mexico § 13-4D-5 - Fund created; disbursement of funds

§ 13-4D-5. Fund created; disbursement of funds

There is created the “public works apprentice and training fund” in the labor and

industrial division of the labor department. Contributions into the fund shall be as provided under the provisions of Section 13-4D-4 NMSA 1978 . Funds contributed under the provisions of the Public Works Apprentice and Training

Act shall be distributed in the following manner: A. no more than fifteen percent of the funds may be used by the public works bureau

of the labor and industrial division of the labor department to hire staff to administer

the funds collected by the division; and B. the remainder of the funds shall be used for approved apprentice and training programs

in New Mexico. The labor and industrial division of the labor department shall develop an annual

budget and, subject to appropriation by the legislature in the general appropriation

act, shall disburse funds to approved apprentice and training programs in New Mexico,

taking into account participant contact hours of classroom instruction and on-the-job

training for the preceding year, to be not less than ninety percent of one hundred

forty-four contact hours of classroom instruction per participant per school year

and not less than one thousand hours of on-the-job training per twelve-month period. Notwithstanding any language in the general appropriation act that otherwise limits

budget adjustments, if the fund balance available for disbursement to approved programs

exceeds the amount appropriated, pursuant to Sections 6-3-23 through 6-3-25 NMSA 1978 , the labor department may request budget increases up to the excess fund balance

for distribution to the programs.