reglab/housing_qa huggingface dataset:
NM Stat § 21-21A-15 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-15 - Legal investments; tax exemption.

All bonds issued by the foundation under the Educational Assistance Act are legal and authorized investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees and guardians and for the sinking funds of political subdivisions, departments, institutions and agencies of the state. When accompanied by all unmatured coupons appurtenant to them, the bonds are sufficient security for all deposits of state funds and of all funds of any board in control of public money at the par value of the bonds. The bonds and the income from the bonds are free from taxation within this state except inheritance and gift taxes. The foundation, in its discretion and by such means as it deems appropriate, may waive the exemption from federal income taxation of interest on the bonds. The bonds subject to federal income taxation issued by the foundation shall be payable as to principal and interest with such frequency as may be required by the foundation. History: Laws 1981, ch. 319, § 15; 1988, ch. 124, § 1. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 346, 495, 496. 84 C.J.S. Taxation § 260; 85 C.J.S. Taxation § 1098.
NM Stat § 21-21A-16 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-16 - Annual report and audit.

A. The foundation shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the governor, the secretary of state, the state auditor and the legislative finance committee. Each report shall set forth a complete operating and financial statement of the foundation during the year. The board of directors of the foundation shall annually contract with an independent certified public accountant, licensed by the state, to perform an examination and audit of the accounts and books of the foundation, including its receipts, disbursements, contracts, leases, sinking funds, investments and any other records and papers relating to its financial standing, and shall make a determination as to whether the foundation has complied with the provisions of the Educational Assistance Act. The person performing the audit shall furnish copies of the audit report to the governor, the secretary of state, the state auditor and the legislative finance committee, where they shall be placed on file and made available for inspection by the general public. B. Subject to the provisions of any contract with bondholders or noteholders, the foundation shall prescribe a system of accounts. C. The costs of audits and examinations performed pursuant to this section shall be paid by the foundation. History: Laws 1981, ch. 319, § 16; 2011, ch. 168, § 6; 2013, ch. 75, § 11. ANNOTATIONSThe 2013 amendment, effective July 1, 2013, assigned the functions of the corporations bureau to the secretary of state; in Subsection A, in the first sentence, after "the governor, the", deleted "corporations bureau of the public regulation commission" and added "secretary of state" and in fourth sentence, after "the governor, the", deleted "corporations bureau" and added "secretary of state". The 2011 amendment, effective June 17, 2011, eliminated references to the loan guarantee corporation organized under repealed Section 21-21A-4 NMSA 1978; in Subsection A, eliminated the authority of the director of the financial institutions division of the commerce and industry department to appoint an auditor if the board of directors cannot agree upon an auditor; and eliminated the requirement that the director of the financial institutions division examine the foundation at least once each year to determine if the foundation has complied with the Educational Assistance Act.
NM Stat § 21-21A-17 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-17 - Repealed.

History: Laws 1981, ch. 319, § 17; 1988, ch. 124, § 2; 1989, ch. 20, § 1; repealed by Laws 2011, ch. 168, § 10.ANNOTATIONSRepeals. — Laws 2011, ch. 168, § 10 repealed 21-21A-17 NMSA 1978, as enacted by Laws 1981, ch. 319, § 17, relating to investment of funds, effective June 17, 2011. For provisions of former section, see the 2010 NMSA 1978 on NMOneSource.com.
NM Stat § 21-21A-18 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-18 - Repealed.

History: Laws 1981, ch. 319, § 18; 2005, ch. 201, § 8; repealed by Laws 2011, ch. 168, § 10.ANNOTATIONSRepeals. — Laws 2011, ch. 168, § 10 repealed 21-21A-18 NMSA 1978, as enacted by Laws 1981, ch. 319, § 18, relating to investment of severance tax permanent fund in bonds and educational loan notes, effective June 17, 2011. For provisions of former section, see the 2010 NMSA 1978 on NMOneSource.com.
NM Stat § 21-21A-19 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-19 - Gifts by persons, corporations, institutions and associations.

A. Any person or domestic corporation or association organized for the purpose of carrying on a business in New Mexico may, regardless of the provisions of any certificate of incorporation, charter or other articles of organization, make contributions or gifts, grants, bequests, devises or loans to the foundation. B. Any institution of higher education or nonprofit corporation having funds available for student scholarships or student loans, regardless of the provisions of its charter, certificate of incorporation or other articles of organization including bylaws, may loan these restricted funds to the foundation under such terms and conditions as may be mutually agreed upon for the purpose of making educational loans. History: Laws 1981, ch. 319, § 19; 1983, ch. 213, § 24; 2005, ch. 201, § 9. ANNOTATIONSThe 2005 amendment, effective June 17, 2005, changed "insured educational loans" to "educational loans" in Subsection B.
NM Stat § 21-21A-20 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-20 - Repealed.

History: Laws 1981, ch. 319, § 20; repealed by Laws 2011, ch. 168, § 10.ANNOTATIONSRepeals. — Laws 2011, ch. 168, § 10 repealed 21-21A-20 NMSA 1978, as enacted by Laws 1981, ch. 319, § 20, relating to conflicts of interest, effective June 17, 2011. For provisions of former section, see the 2010 NMSA 1978 on NMOneSource.com.
NM Stat § 21-21A-21 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-21 - Dissolution of foundation.

Upon termination or dissolution, all rights and properties of the foundation shall pass to and be vested in the state, subject to the rights of any bondholders, lienholders and other creditors. History: Laws 1981, ch. 319, § 21; 2011, ch. 168, § 7. ANNOTATIONSThe 2011 amendment, effective June 17, 2011, eliminated references to the loan guarantee corporation organized under repealed Section 21-21A-4 NMSA 1978.
NM Stat § 21-21A-22 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-22 - Agreement with the state.

The state does hereby pledge to and agree with the holders of any bonds or notes issued under the Educational Assistance Act that the state will not limit or alter the rights hereby vested in the foundation or the corporation by that act to fulfill the terms of any agreement made with the holders thereof or in any way impair the rights and remedies of such holders until such bonds or notes together with the interest thereon, with interest on any unpaid installments of interest and all costs and expenses in connection with any action or proceedings by or on behalf of such holders are fully met and discharged. The foundation is authorized to include this pledge and agreement of the state in any agreement with the holders of such bonds or notes. History: Laws 1981, ch. 319, § 22.
NM Stat § 21-21A-23 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-23 - Repealed.

History: Laws 1981, ch. 319, § 23; repealed by Laws 2011, ch. 168, § 10.ANNOTATIONSRepeals. — Laws 2011, ch. 168, § 10 repealed 21-21A-23 NMSA 1978, as enacted by Laws 1981, ch. 319, § 23, relating to administration of Student Loan Act and Student Loan Guarantee Act, effective June 17, 2011. For provisions of former section, see the 2010 NMSA 1978 on NMOneSource.com.
NM Stat § 21-21A-24 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-24 - Educational assistance; foundation activities not affected by repeal.

The repeal of sections or parts of sections of the Educational Assistance Act does not affect the existence of the educational assistance foundation created pursuant to that act or its activities in relation to bonds issued and outstanding or the servicing of student loans outstanding, including any special status of the foundation or dispensation granted to the foundation prior to the effective date of this 2011 act in other provisions of law. History: Laws 2011, ch. 168, § 8. ANNOTATIONSEffective dates. — Laws 2011, ch. 168 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2011, 90 days after the adjournment of the legislature.
NM Stat § 21-21A-25 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21A - Educational Assistance|Section 21-21A-25 - Educational assistance; nonprofit corporation status not affected by repeal.

The repeal of sections or parts of sections of the Educational Assistance Act does not affect the existence of the educational assistance nonprofit corporation created pursuant to that act or its designation as the single nonprofit corporation authorized to provide a statewide educational loan program for the purposes of the federal Higher Education Act of 1965. History: Laws 2011, ch. 168, § 9. ANNOTATIONSEffective dates. — Laws 2011, ch. 168 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2011, 90 days after the adjournment of the legislature. Cross references. — For the federal Higher Education Act of 1965, see 20 U.S.C. § 1001 et seq.
NM Stat § 21-21B-1 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-1 - Short title.

Chapter 21, Article 21B NMSA 1978 may be cited as the "Work-Study Act". History: Laws 1982, ch. 88, § 1; 2005, ch. 289, § 27. ANNOTATIONSThe 2005 amendment, effective April 7, 2005, added the statutory reference to the act.
NM Stat § 21-21B-2 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-2 - Definitions.

As used in the Work-Study Act: A. "board" or "commission" or "department" means the higher education department; and B. "institution" means any state post-secondary educational institution and any private nonprofit post-secondary educational institution within New Mexico. History: Laws 1982, ch. 88, § 2; 2005, ch. 289, § 28. ANNOTATIONSThe 2005 amendment, effective April 7, 2005, defined "commission" and "department" in Subsection A to mean the higher education department and deleted the reference to the board of educational finance in the definition in Subsection A.
NM Stat § 21-21B-3 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-3 - Fund; creation.

A "work-study fund" is created in the state treasury. The commission is instructed to create and maintain a state work-study program in accordance with the Work-Study Act. The commission is authorized to promulgate rules and regulations necessary to administer the Work-Study Act. A financial aid officer may exercise professional judgment when special circumstances exist to adjust cost of attendance or expected family contribution or to modify other factors that make the program responsive to a student's special financial circumstances and for which documentation exists in the student's file within the parameters authorized for this program. History: Laws 1982, ch. 88, § 3; 1991, ch. 262, § 1. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, substituted "commission" for "board" in two places and added the final sentence.
NM Stat § 21-21B-4 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-4 - Fund; allocation.

Funds appropriated to the work-study fund shall be allocated by the board to eligible institutions for their use in employing eligible students. History: Laws 1982, ch. 88, § 4. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 19, 32 to 34; 63A Am. Jur. 2d Public Funds §§ 56 to 58. 14A C.J.S. Colleges and Universities §§ 7, 31, 33; 81A States §§ 205, 211.
NM Stat § 21-21B-5 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-5 - Disbursement of funds.

The board shall assure that expenditures from the work-study fund are apportioned equitably among eligible institutions. History: Laws 1982, ch. 88, § 5. ANNOTATIONS
NM Stat § 21-21B-6 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-6 - Program; description.

Any student who is eligible under Section 7 [21-21B-7 NMSA 1978] of the Work-Study Act may apply for work-study employment, but the board must expend at least one-third of the money from the work-study fund in any one academic year for applicants chosen on the basis of monetary need criteria set by the board. The institution which the student attends shall arrange employment. Employment is limited to post-secondary nonprofit institutions, state political subdivisions, state agencies and nonprofit organizations which are approved by the board. The employer must pay at least twenty percent of the salary and benefits of the student. History: Laws 1982, ch. 88, § 6. ANNOTATIONS
NM Stat § 21-21B-7 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-7 - Students; eligibility.

A student is eligible for employment in the state work-study program if he is enrolled at least a one-half-time student, is in compliance with the institution's satisfactory academic progress requirements, is a resident of New Mexico and has legally entered the United States. The commission on higher education shall establish criteria to apply in determining whether the enrollment and residency requirements are met by the applicant. History: Laws 1982, ch. 88, § 7; 1991, ch. 262, § 2. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, rewrote the first sentence which read "A student is eligible for employment in the state work-study program if he is enrolled as a full-time student, maintains a grade point average of 2.0 on a 4.0 scale during an academic term and is a resident of New Mexico and a citizen of the United States" and substituted "commission on higher education" for "board" in the second sentence.
NM Stat § 21-21B-8 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-8 - Compensation.

Students shall not be paid less than the rate set forth in Section 50-4-22 NMSA 1978. Students are not eligible for benefits under the Unemployment Compensation Law [Chapter 51 NMSA 1978] because of participation in the work-study program. History: Laws 1982, ch. 88, § 8.
NM Stat § 21-21B-9 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21B - Work-Study|Section 21-21B-9 - Prohibitions.

Students cannot work in the following jobs and remain eligible for the state work-study program: A. jobs that advance a religious purpose; B. jobs that have an objective that is primarily religious; C. jobs that involve excessive entanglements with a religious organization; and D. jobs that involve partisan political activity. History: Laws 1982, ch. 88, § 9.
NM Stat § 21-21C-1 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-1 - Short title.

This act [21-21C-1 to 21-21C-9 NMSA 1978] may be cited as the "Student Choice Act". History: Laws 1983, ch. 240, § 1.
NM Stat § 21-21C-2 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-2 - Purpose.

The legislature finds that independent institutions of higher education provide a valuable service for New Mexico residents by allowing educational choice. The legislature declares that the purpose of the Student Choice Act is to broaden student choice and to make maximum possible utilization of existing postsecondary educational resources and facilities, both public and independent, and thus to benefit the residents of the state. The legislature further finds that the broadening of educational choice will reduce the financial demands on the taxpayers of New Mexico. History: Laws 1983, ch. 240, § 2.
NM Stat § 21-21C-3 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-3 - Definitions.

As used in the Student Choice Act: A. "board" ["commission" ["department"]] means the board of educational finance [commission on higher education [higher education department]]; B. "institution" means any independent nonprofit nonsectarian four-year college or university whose New Mexico campus is accredited by the North Central Accrediting Association; C. "independent" as used with respect to an institution means any institution which is not a state institution; and D. "student choice grant" means a grant awarded to a student by the board [commission [department]] pursuant to the provisions of the Student Choice Act. History: Laws 1983, ch. 240, § 3. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978.
NM Stat § 21-21C-4 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-4 - Fund created.

There is created in the state treasury the "student choice fund" which shall be administered by the board [commission [department]] in accordance with the provisions of the Student Choice Act. History: Laws 1983, ch. 240, § 4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 19, 32 to 34; 63A Am. Jur. 2d Public Funds §§ 56 to 58. 14A C.J.S. Colleges and Universities §§ 7, 31, 33; 81A States §§ 205, 211.
NM Stat § 21-21C-6 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-6 - Eligibility.

Eligibility of students under the provisions of the Student Choice Act shall be as follows: A. for the first year of implementation, eligibility shall be restricted to freshmen; B. for the second year of implementation, eligibility shall be restricted to freshmen and sophomores; C. for the third year of implementation, eligibility shall be restricted to freshmen, sophomores and juniors; and D. for the fourth year of implementation and every year thereafter, freshmen, sophomores, juniors and seniors shall be eligible. History: Laws 1983, ch. 240, § 6.
NM Stat § 21-21C-7 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-7 - No funds for sectarian purposes.

No funds appropriated pursuant to the provisions of the Student Choice Act shall be used for sectarian purposes. History: Laws 1983, ch. 240, § 7.
NM Stat § 21-21C-8 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-8 - Promulgation and distribution of regulations.

The commission [department] may make reasonable regulations, consistent with the purposes and policies of the Student Choice Act, to carry out the purposes of and to efficiently administer the Student Choice Act. Those rules and regulations shall be promulgated in accordance with the provisions of the State Rules Act [Chapter 14, Article 4 NMSA 1978]. A financial aid officer may exercise professional judgment when special circumstances exist to adjust cost of attendance or expected family contribution or to modify other factors that make the program responsive to a student's special financial circumstances and for which documentation exists in the student's file within the parameters authorized for this program. History: Laws 1983, ch. 240, § 8; 1991, ch. 262, § 3. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978. The 1991 amendment, effective June 14, 1991, substituted "commission" for "board" in the first sentence and added the final sentence.
NM Stat § 21-21C-9 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21C - Student Choice Grants|Section 21-21C-9 - Penalty.

Any person knowingly submitting false information to the board [commission [department]] or its agents, which information the board [commission [department]] has requested in order to administer the provisions of the Student Choice Act, is guilty of a misdemeanor and may be punished by a fine of not more than ten thousand dollars ($10,000). History: Laws 1983, ch. 240, § 9. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978.
NM Stat § 21-21D-1 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21D - Reduced Tuition for Senior Citizens|Section 21-21D-1 - Short title.

This act [21-21D-1 to 21-21D-5 NMSA 1978] may be cited as the "Senior Citizens Reduced Tuition Act". History: Laws 1984, ch. 96, § 1.
NM Stat § 21-21D-2 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 21D - Reduced Tuition for Senior Citizens|Section 21-21D-2 - Purpose of act.

The purpose of the Senior Citizens Reduced Tuition Act is to provide educational opportunities for senior citizens at reduced tuition rates at New Mexico post-secondary degree-granting educational institutions. Senior citizens on fixed incomes often cannot afford the tuition to attend classes, but, by attending classes at reduced rates, older persons may be assisted in achieving lives of independence, dignity and purpose. History: Laws 1984, ch. 96, § 2. ANNOTATIONSCross references. — For establishment of state educational institutions, see N.M. Const., art. XII, § 11. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 19, 32 to 34; 63A Am. Jur. 2d Public Funds §§ 56 to 58, 68. 14A C.J.S. Colleges and Universities §§ 7, 31, 33; 81A States §§ 205, 211.