New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 5 - OPERATING BUDGETS - FUNDING RECOMMENDATIONS
Section 5.3.5.8 - GENERAL PRINCIPLES
Universal Citation: 5 NM Admin Code 5.3.5.8
Current through Register Vol. 35, No. 18, September 24, 2024
A. In an effort to maintain equitable funding among institutions, present a reasonable and appropriate funding package to the executive and the legislature, and serve their intended purpose as an analytical and unbiased screen for legislative proposals, the following principles are adopted:
(1) The commission will consider only those
institutional requests which have been approved by their governing
boards.
(2) Any institutional
request requiring action by the commission, along with supporting information,
must be in the commission's office thirty (30) days prior to the meeting at
which the proposal will be considered. After consideration of any unique
circumstances (e.g., nature of commission responsibility, prior commission
action on similar proposals, and funding sources), the executive director may
waive this requirement.
(3) The
commission will not support legislative proposals for funding to higher
education institutions which were not reviewed and approved by the commission
in the development of its funding recommendations.
B. Appropriations for instruction and general (I and G) purposes are determined through comprehensive funding formulas, which are developed and reviewed annually by commission staff with the cooperation of institutional representatives. When necessary, proposed formula revisions will be adopted by the commission.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
