New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 8 - EDUCATIONAL TELEVISION EQUIPMENT REPLACEMENT FUND
Section 5.3.8.7 - DEFINITIONS
Universal Citation: 5 NM Admin Code 5.3.8.7
Current through Register Vol. 35, No. 18, September 24, 2024
A. "Eligible equipment" means the broadcast equipment of the three educational television stations operating within and receiving financial support from the state of New Mexico; KENW (Portales), KNME (Albuquerque), and KRWG (Las Cruces), with a replacement cost of over $10,000.
B. "Useful life" means the amortization schedule of the internal revenue service (IRS) used by public New Mexico colleges and universities for equipment replacement purposes.
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