New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 11 - FISCAL OVERSIGHT
Section 5.3.11.16 - CAMPUS VERIFICATION VISITS

Universal Citation: 5 NM Admin Code 5.3.11.16

Current through Register Vol. 35, No. 18, September 24, 2024

A. An on-site verification visit may be scheduled at any campus location of an institution on EFOP status. During its on-site verification visit, the department may:

(1) seek to verify any information reported by the institution;

(2) determine the institution's compliance with EFOP reporting requirements;

(3) verify the institution's compliance with its corrective action plan; and

(4) verify progress toward completion of the corrective action plan and substantial mitigation or elimination of risk factor(s).

B. Prior to an on-site verification visit, the department shall issue notice to the institution of its intent to conduct a verification visit no less than 10 days prior to the visit. The department shall coordinate the verification visit with the institution and provide information to be used by the department during the verification process.

C. The department shall conduct meetings with institutional representatives at the beginning and end of the verification visit to discuss objectives, procedures, time frame and post-visit follow-up. A preliminary and final report of the visit shall be shared with the institution for review and comment. In its report, the department may offer suggested remedies to cure any deficiencies discovered through the verification process.

Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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