A. No later than September 1, 2014, the council, with the advice of the department and the department of information technology, shall define and develop:

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(1)     minimum adequacy standards for an education technology infrastructure deficiency corrections initiative to identify and determine reasonable costs for correcting education technology infrastructure deficiencies in or affecting school districts;

(2)     a methodology for prioritizing projects to correct education technology infrastructure deficiencies in or affecting school districts; and

costs.

(3)     a methodology for determining a school district’s share of the project B. The council shall develop guidelines for a statewide education technology infrastructure network that integrates regional hub locations for network services and the installation and maintenance of equipment. The council may fund education technology infrastructure projects or items that the council determines are in accord with the guidelines and necessary to education for:

(1)     students;

(2)     school buses;

(3)     internet connectivity within a school district;

(4)     a multi-district regional education network; and

(5)     a statewide education network.

C. The council may approve allocations from the fund pursuant to Subsection M of Section 22-24-4 N.M. Stat. Ann. and this section for projects in or affecting a school district committing to pay its share of the project costs. The council may adjust the school district’s share of the project costs in accordance with Paragraph (9) of Subsection B of Section 22-24-5 N.M. Stat. Ann. or the methodology for determining the school district’s share of the project costs.