New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 6 - HIGHER EDUCATION ENDOWMENT FUN
Section 5.3.6.7 - DEFINITIONS

Universal Citation: 5 NM Admin Code 5.3.6.7

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

A. "Committee" means the higher education endowment committee.

B. "Department" means the New Mexico higher education department.

C. "Eligible institution" means a New Mexico public post-secondary institution.

D. "Endowment" means the higher education endowment fund.

E. "Non-Government Funds" as used in Subsection E of 5.3.6.8 NMAC herein means no portion of the matching funds from an eligible institution may be derived from any federal, state or local government grant, allocation or appropriation of any type without limitation.

F."Proposal" means a formal request submitted to the higher education endowment committee to establish endowments at an eligible institution for endowment purposes.

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