New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 5 - OPERATING BUDGETS - FUNDING RECOMMENDATIONS
Section 5.3.5.13 - PROCEDURES FOR THE DEVELOPMENT OF THE COMPLETE INSTITUTIONAL FUNDING RECOMMENDATIONS
Current through Register Vol. 35, No. 18, September 24, 2024
The following procedures and policies will be used by the commission in arriving at recommendations as to the amounts of appropriations to be made to support state-funded activities, including both I and G and other, at each institution.
A. Early in the fall, the commission will schedule a hearing on matters relating to legislative funding requests. The commission will instruct the staff regarding certain criteria and factors, such as salary increases, impact of inflation, etc., to be used in staff calculations.
B. After being approved by the governing boards, legislative funding requests will be submitted to the office of the commission. These requests may include proposed formula revisions as well as research, public service, or other special project requests. The commission's staff will review the requests with appropriate officials of the institutions.
C. The commission's staff will analyze the institutional requests and will prepare preliminary staff calculations for each institution, incorporating the criteria and factors as instructed by the commission, and will distribute these calculations together with supporting information to the commission members and to each of the institutions.
D. The commission will hold hearings at which representatives of each institution will support their requests and present their reactions to the preliminary staff calculations. At the conclusion of the hearings, the commission will instruct the staff as to further calculations and adjustments to be made in preparation for subsequent meetings.
E. The commission will meet to adopt final funding recommendations.
F. The staff will transmit the commission's recommendations to the governor and consult with the governor regarding incorporation of the commission's recommendations in the executive budget.
G. The staff will transmit the commission's recommendations to the appropriate legislative committees to explain the recommended appropriations and assist the committees in their review of the recommendations.
