New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 6 - HIGHER EDUCATION ENDOWMENT FUN
Section 5.3.6.6 - OBJECTIVE
Universal Citation: 5 NM Admin Code 5.3.6.6
Current through Register Vol. 35, No. 18, September 24, 2024
The objective and purpose of 5.3.6 NMAC is to outline the distribution of monies in the higher education endowment fund. Money in the higher education endowment fund is appropriated by the legislature to the higher education department. The department shall distribute funds to New Mexico public post-secondary educational institutions that submit proposals and receive award determinations from the department to establish endowments at the institutions for purposes outlined in 21-1-27 NMSA 1978 and 5.3.6 NMAC.
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