To carry out the provisions of the Children's Trust Fund Act, the department and the children's trust fund may accept any federal matching funds or grants for children's projects and programs or next generation fund projects and programs. The department may accept donations and bequests from private sources for deposit in the children's trust fund or the next generation fund, as applicable. The board shall distribute these funds as specified by the granting entity or donor.
§ 24-19-9 NMSA 1978
Acceptance of federal funds and private donations
Known as the Children's Trust Fund Act
The act spans §§ 24–24 (11 sections).
Laws 1986, ch. 15, § 9; 2005, ch. 65, § 9; 2013, ch. 25, § 7.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.