A. For the first two years after the effective date of the Apprenticeship Assistance Act, the department shall disburse funds for each apprenticeship committee, taking into account the number of total monthly contact hours and based on one dollar fifty cents ($1.50) per participant contact hour of related instruction, not to exceed two hundred twenty hours per participant per year. Thereafter, funds shall be distributed in accordance with Section 21-19A-10 N.M. Stat. Ann..

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B. The department shall require from the apprenticeship committees such reports as it deems necessary for the purpose of determining the number of total monthly contact hours.

C. Funds appropriated under the Apprenticeship Assistance Act shall be disbursed by the department, and the department shall have sole control over the disbursement of those funds; provided, however, that the department shall not fund any apprenticeship committee not certified by the state apprenticeship agency or the office of apprenticeship.