NM Stat § 21-14-5 (2021)
2021 New Mexico Statutes|Chapter 21 - State and Private Education Institutions|Article 14 - Branch Community Colleges|Section 21-14-5 - Financing of branch community colleges; tuition and fee waivers.

A. Financing of branch community colleges shall be by tuition and fees, which shall be set by the board of regents of the parent institution, by gifts and grants and by other funds as may be made available pursuant to the provisions of the College District Tax Act [21-2A-1 to 21-2A-10 NMSA 1978] or Chapter 21, Article 14 NMSA 1978. B. The board of regents of the respective parent institution of the branch community college may establish and grant gratis scholarships to students of the branch community college who are residents of New Mexico in an amount not to exceed the matriculation fee or tuition and fees, or both. Except as provided in Section 21-1-4.3 NMSA 1978 [repealed], the number of scholarships established and granted shall not exceed three percent of the preceding fall semester enrollment in the branch community college and shall not be established and granted for summer sessions. The president of each institution shall select and recommend to the board of regents of the president's institution, as recipients of scholarships, students who possess good moral character and satisfactory initiative, scholastic standing and personality. Beginning with the fall semester of 2010, a minimum of one-half of the gratis scholarships established and granted by the board of regents for a branch community college each year shall be granted on the basis of financial need, and beginning with the fall semester of 2011, a minimum of two-thirds of the gratis scholarships established and granted by each board of regents each year shall be granted on the basis of financial need. History: 1953 Comp., § 73-30-20, enacted by Laws 1957, ch. 143, § 4; 1963, ch. 162, § 4; 1995, ch. 224, § 20; 1999, ch. 219, § 9; 2009, ch. 47, § 3. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Section 21-1-4.3 NMSA 1978 was repealed by Laws 2014, ch. 80, § 10, effective March 12, 2014. For provisions of former section, see the 2013 NMSA 1978 on NMOneSource.com. The 2009 amendment, effective June 19, 2009, in Subsection B, at the beginning of the last sentence, deleted "At least thirty-three and one-third percent" and added "Beginning with the fall semester of 2010, a minimum of one-half"; and at the end of the last sentence, added the language following "financial need". The 1999 amendment, effective July 1, 1999, added the Subsection A designation; updated the statutory reference in Subsection A; and added Subsection B. The 1995 amendment, effective June 16, 1995, inserted "of the parent institution", substituted the language beginning "pursuant to" for "except as otherwise provided in Sections 73-30-17 through 73-30-25 New Mexico Statutes Annotated, 1953 Compilation" at the end of the section, and made a minor stylistic change. Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 2, 19, 20, 37. Validity, interpretation, and application of provisions of will making devise or bequest to or in trust for religious or educational body dependent upon adherence to particular body of principles or dogmas or ecclesiastical connection, 120 A.L.R. 971. 14A C.J.S. Colleges and Universities §§ 4, 5, 31.