reglab/statecodes huggingface dataset:
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-3 - Definitions.

As used in the Graduate Scholarship Act:
A. "academic year" means any consecutive period of two semesters, three quarters or other comparable units commencing with the fall term each year;
B. "award recipient" means a student awarded a graduate scholarship;
C. "department" means the higher education department;
D. "eligible institution" means any graduate-degree-granting state university accredited by the north central association of colleges and secondary schools;
E. "graduate and professional field" means any program of study intended to result in a master's or doctoral degree, excluding the degree in medicine; and
F. "groups underrepresented in graduate education" means women, minorities, persons with a visual impairment or other physical disability and other groups who have traditionally been underrepresented in the specific area of graduate study or profession for which the scholarship is awarded.
History:
Laws 1988, ch. 111, § 3; 1991, ch. 262, § 9; 2007, ch. 46, § 10.
ANNOTATIONS
The 2007 amendment,
effective June 15, 2007, amended the section to make non-substantive language changes.
The 1991 amendment,
effective June 14, 1991, substituted "Graduate Scholarship Act" for "Graduate Fellowship Act" in the introductory paragraph and substituted "scholarship" for "fellowship" in Subsections B and F.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-4 - Creation of scholarship.

There are created "state graduate scholarships" which the commission [department] shall administer pursuant to the Graduate Scholarship Act.
History:
Laws 1988, ch. 111, § 4; 1991, ch. 262, § 10.
ANNOTATIONS
Bracketed 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 "scholarship" for "fellowship" in the catchline and, in the text of the section, substituted "scholarships" for "fellowships" and "Graduate Scholarship Act" for "Graduate Fellowship Act".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-5 - Conditions for first-year eligibility.

Priority will be given to New Mexico students from those groups with the most severe underrepresentation and students with the greatest financial need. A scholarship may be awarded to an individual who:
A. is a citizen of the United States or who has a permanent resident visa;
B. has met the admission requirements and is accepted for enrollment as a full-time student in an underrepresented graduate or professional field of study, as determined by the institution;
C. has complied with all the rules and regulations adopted by the commission [department] for award of the scholarship and the provisions regarding the administration of state graduate scholarships adopted pursuant to the Graduate Scholarship Act; and
D. agrees to serve in an unpaid internship or assistantship at the eligible institution, a government agency or private industry approved by his major department for ten hours per week during the academic year.
History:
Laws 1988, ch. 111, § 5; 1991, ch. 262, § 11.
ANNOTATIONS
Bracketed 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 "scholarship" and "scholarships" for "fellowship" and "fellowships" and, in Subsection C, substituted "Graduate Scholarship Act" for "Graduate Fellowship Act".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-6 - Conditions for continuing eligibility.

A scholarship may be reawarded to a student who:
A. has been an award recipient of a New Mexico graduate scholarship the previous year;
B. remains in good academic standing as determined by the institution;
C. is enrolled as a full-time graduate student as determined by the institution;
D. is pursuing the second year of a master's degree or the second or third year of a doctoral degree; and
E. agrees to serve in an unpaid internship or assistantship at the eligible institution, a government agency or private industry approved by his major department for ten hours per week during the academic year.
History:
Laws 1988, ch. 111, § 6; 1991, ch. 262, § 12.
ANNOTATIONS
The 1991 amendment,
effective June 14, 1991, substituted "scholarship" for "fellowship" in the introductory paragraph and in Subsection A.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-7 - Amount of scholarships.

Scholarship awards shall be for seven thousand two hundred dollars ($7,200) per year to be disbursed in equal installments over the period of an academic year.
History:
Laws 1988, ch. 111, § 7; 1991, ch. 262, § 13.
ANNOTATIONS
The 1991 amendment,
effective June 14, 1991, substituted "scholarships" for "fellowships" in the catchline; substituted "Scholarship" for "Fellowship" at the beginning of the section; and substituted "equal installments over the period of an academic year" for "a six hundred dollar ($600) per month stipend for a period up to twelve months".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-8 - Duration of scholarship.

Each scholarship is for a period of one academic year.
History:
Laws 1988, ch. 111, § 8; 1991, ch. 262, § 14.
ANNOTATIONS
The 1991 amendment,
effective June 14, 1991, substituted "scholarship" for "fellowship" in the catchline and in the text and inserted "academic".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-9 - Distribution of scholarship funds.

The commission [department] shall adopt rules, regulations and procedures for the distribution of scholarship funds to the eligible institutions.
History:
Laws 1988, ch. 111, § 9; 1991, ch. 262, § 15.
ANNOTATIONS
Bracketed 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 "scholarship" for "fellowship" in the catchline and in the text of the section.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-10 - Termination of scholarships.

A scholarship is terminated upon the occurrence of:
A. withdrawal from the institution by the award recipient, failure to reenroll for consecutive academic years or failure to be a full-time graduate student; or
B. substantial noncompliance by the award recipient with the Graduate Scholarship Act or the rules, regulations or procedures promulgated by the commission [department].
History:
Laws 1988, ch. 111, § 10; 1991, ch. 262, § 16.
ANNOTATIONS
Bracketed 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 "scholarships" for "fellowships" in the catchline; substituted "scholarship" for "fellowship" in the introductory paragraph; and substituted "Graduate Scholarship Act" for "Graduate Fellowship Act" in Subsection B.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21G - Graduate Fellowship › Section 21-21G-11 - Rules and regulations.

The commission [department] may adopt rules, regulations and procedures as necessary or appropriate to implement the provisions of the Graduate Scholarship Act. A financial aid officer may exercise professional judgment when special circumstances exist to adjust the cost of attendance or the 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 1988, ch. 111, § 11; 1991, ch. 262, § 17.
ANNOTATIONS
Bracketed 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 "Graduate Scholarship Act" for "Graduate Fellowship Act" in the first sentence; added the second sentence; and made a minor stylistic change.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-1 - Short title.

Chapter 21, Article 21H NMSA 1978 may be cited as the "New Mexico Scholars Act".
History:
Laws 1989, ch. 212, § 1; 2013, ch. 171, § 1.
ANNOTATIONS
The 2013 amendment,
effective July 1, 2013, added the NMSA chapter and article for the New Mexico Scholars Act; and at the beginning of the sentence, deleted "This act" and added "Chapter 21, Article 21H NMSA 1978".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-2 - Purpose of act.

It is the purpose of the New Mexico Scholars Act to encourage New Mexico students to attend college in New Mexico thereby making it possible for them to pursue their studies and develop their talents at both public school and higher education levels to the greater benefit of the state.
History:
Laws 1989, ch. 212, § 2.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-3 - Definitions.

As used in the New Mexico Scholars Act:
A. "academic year" means any consecutive period of two semesters, three quarters or other comparable units commencing with the fall term each year;
B. "award recipient" means a student awarded a New Mexico Scholars Act scholarship;
C. "department" means the higher education department;
D. "eligible institution" means any degree-granting educational institution in New Mexico accredited by the north central association of colleges and secondary schools;
E. "satisfactory academic progress" means completion of at least twenty-four credit hours per year and maintenance of a cumulative grade point average of a minimum of 3.0 or higher on a scale of 4.0; and
F. "scholarship" means a scholarship awarded pursuant to the New Mexico Scholars Act.
History:
Laws 1989, ch. 212, § 3; 2013, ch. 171, § 2.
ANNOTATIONS
The 2013 amendment,
effective July 1, 2013, assigned the administration of the act to the higher education department; and in Subsection C, at the beginning of the sentence, deletes "commission" and added "department"; after "means the", deleted "commission on"; and after "education", added "department".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-4 - Creation of scholarship.

There are established "New Mexico Scholars Act scholarships" administered by the department.
History:
Laws 1989, ch. 212, § 4; 2013, ch. 171, § 3.
ANNOTATIONS
The 2013 amendment,
effective July 1, 2013, assigned the administration of the act to the higher education department; and after "by the", deleted "commission" and added "department".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-6 - Duration of scholarship.

Each scholarship is for a period of one academic year. The scholarship may be renewed annually until the award recipient has received four annual scholarship awards or until the student graduates from a four-year institution, whichever is earlier. An award recipient may use the award at a two-year institution until the award recipient receives two annual scholarship awards. In no case shall a student receive more than four annual awards.
History:
Laws 1989, ch. 212, § 6; 1991, ch. 262, § 19.
ANNOTATIONS
The 1991 amendment,
effective June 14, 1991, deleted the subsection designation "A" at the beginning of the section; deleted "and then may transfer the award to a four-year institution" at the end of the third sentence; and deleted former Subsection B which read "Once use of a scholarship is begun, it must be used for four consecutive academic years at the eligible institution or the scholarship will be terminated. This requirement may be waived at the discretion of the commission for award recipients entering cooperative programs or other special activities".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-7 - Amount of scholarships.

Scholarship awards shall be in an amount sufficient to pay for tuition, required student fees and books for an academic year. Students choosing to attend a nonstate college in New Mexico shall receive a scholarship amount equal to the highest tuition at a state institution, plus required fees and books.
History:
Laws 1989, ch. 212, § 7.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-8 - Termination of scholarships.

A scholarship is terminated upon the substantial noncompliance by the award recipient with the New Mexico Scholars Act or the rules promulgated by the department pursuant to that act.
History:
Laws 1989, ch. 212, § 8; 1991, ch. 262, § 20; 2013, ch. 171, § 5.
ANNOTATIONS
The 2013 amendment,
effective July 1, 2013, eliminated the authority to issue regulations; in the first sentence, after after "rules", deleted "regulations and procedures" and deleted "commission" and added "department".
The 1991 amendment,
effective June 14, 1991, deleted "occurrence of one or more of the following" at the end of the introductory paragraph; deleted former Subsection A which read "withdrawal by the award recipient from the institution, failure to remain a full-time student or failure to re-enroll for consecutive academic years"; deleted former Subsection B which read "failure to achieve satisfactory academic progress by the award recipient"; and deleted the subsection designation "C".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21H - New Mexico Scholars › Section 21-21H-9 - Rules.

The department may adopt such rules as necessary or appropriate to implement the provisions of the New Mexico Scholars Act. A financial aid officer may exercise professional judgment when special circumstances exist to adjust the cost of attendance or the 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 1989, ch. 212, § 9; 1991, ch. 262, § 21; 2013, ch. 171, § 6.
ANNOTATIONS
The 2013 amendment,
effective July 1, 2013, eliminated the authority to issue regulations; in the title, deleted "and regulations", and in the first sentence, changed "commission" to "department", and after "such rules", deleted "regulations and procedures".
The 1991 amendment,
effective June 14, 1991, added the second sentence.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-1 - Short title.

Chapter 21, Article 21I NMSA 1978 may be cited as the "Minority Doctoral Loan Repayment Assistance Act".
History:
Laws 1990 (1st S.S.), ch. 8, § 1; 1991, ch. 262, § 22; 1994, ch. 79, § 1; 2017, ch. 83, § 1.
ANNOTATIONS
The 2017 amendment,
effective June 16, 2017, changed the Minority Doctoral Assistance Loan for Service Program Act to the Minority Doctoral Loan Repayment Assistance Act; after "Minority Doctoral", added "Loan Repayment", and after "Assistance", deleted "Loan for Service Program".
The 1994 amendment,
effective May 18, 1994, substituted "Article 21I" for "Article 21I-1" and inserted "Act" following "Program".
The 1991 amendment,
effective June 14, 1991, rewrote this section which read "This act may be cited as the 'Minority Doctoral Assistance Act'".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-2 - Purpose.

The purpose of the Minority Doctoral Loan Repayment Assistance Act is to increase the number of ethnic minorities and women available to teach engineering, physical or life sciences, mathematics and other academic disciplines in which ethnic minorities or women are demonstrably underrepresented in New Mexico colleges and universities. Additionally, the purpose of the Minority Doctoral Loan Repayment Assistance Act is to create a partnership between the state, higher education institutions and students that will lead to greater participation of ethnic minorities and women in the ranks of college and university faculties, enhancing educational opportunities and quality for all New Mexico residents.
History:
Laws 1990 (1st S.S.), ch. 8, § 2; 1991, ch. 262, § 23; 2017, ch. 83, § 2.
ANNOTATIONS
The 2017 amendment,
effective June 16, 2017, after each occurrence of "Minority Doctoral", added "Loan Repayment", after each occurrence of "Assistance", deleted "Loan for Service Program" and added "Act", and after "New Mexico", deleted "citizens" and added "residents".
The 1991 amendment,
effective June 14, 1991, substituted "Loan for Service Program" for "Act" in the first sentence and "the Minority Doctoral Assistance Loan for Service Program" for "this act" in the second sentence.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-3 - Definitions.

As used in the Minority Doctoral Loan Repayment Assistance Act:
A. "department" means the higher education department;
B. "eligible institution" means an accredited institution of higher education that offers a doctoral degree-granting program in the fields of engineering, physical or life sciences, mathematics or other academic disciplines in which ethnic minorities or women are demonstrably underrepresented;
C. "loan" means a grant of money pursuant to a contract between a recipient and a lender requiring repayment of principal with interest. A lender may include the federal government, a bank or the state; and
D. "recipient" means an individual who is a member of an ethnic minority or is a woman and who has successfully completed a doctoral degree-granting program at an eligible institution in the field of engineering, physical or life sciences or mathematics or another academic discipline in which ethnic minorities or women are underrepresented.
History:
Laws 1990 (1st S.S.), ch. 8, § 3; 1991, ch. 262, § 24; 1994, ch. 79, § 2; 2017, ch. 83, § 3.
ANNOTATIONS
The 2017 amendment,
effective June 16, 2017, defined "loan" and "recipient", removed and revised the definitions of certain terms as used in the Minority Doctoral Loan Repayment Assistance Act; in the introductory clause, after "Minority Doctoral", added "Loan Repayment", and after "Assistance", deleted "Loan for Service Program" and added "Act"; deleted former Subsection A and redesignated former Subsections B and C as Subsections A and B, respectively; in Subsection A, deleted "'commission'" and added "'department'", after "means the", deleted "commission on", and after "higher education", added "department"; in Subsection B, after "means", deleted "a commission approved" and added "an accredited", and after "ethnic minorities", deleted "and" and added "or"; deleted former Subsections D and E, which defined "sponsoring institution" and "student"; and added new Subsections C and D.
The 1994 amendment,
effective May 18, 1994, inserted "Act" following "Program" in the introductory language, deleted "located outside the state of New Mexico" following "higher education" in Subsection C, and made stylistic changes in Subsections D and E.
The 1991 amendment,
effective June 14, 1991, substituted "Loan for Service Program" for "Act" in the introductory paragraph.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-4 - Conditions for eligibility.

A. The department may award a minority doctoral loan repayment assistance grant to a recipient who:
(1) has been hired by a public post-secondary educational institution in New Mexico for a full-time, tenure-track faculty position;
(2) has complied with all of the rules adopted by the department pursuant to the Minority Doctoral Loan Repayment Assistance Act; and
(3) is a citizen of the United States.
B. The department shall give preference to a recipient who has completed a post-secondary degree at an institution designated in Article 12, Section 11 of the constitution of New Mexico.
History:
Laws 1990 (1st S.S.), ch. 8, § 4; 1991, ch. 262, § 25; 2017, ch. 83, § 4.
ANNOTATIONS
The 2017 amendment,
effective June 16, 2017, revised the conditions for eligibility for repayment of loans through the minority doctoral loan repayment assistance program, including removing the requirements that eligible participants must graduate with a baccalaureate degree from a New Mexico four-year, public postsecondary educational institution and be accepted for enrollment as a full-time doctoral student at an eligible institution, requiring eligible participants to be hired at a public postsecondary educational institution for a full-time, tenure-track faculty position, and giving preference to recipients who have completed a postsecondary degree at an institution designated in Article XII, Section 11 of the Constitution of New Mexico; designated the previously undesignated introductory clause as Subsection A and deleted former Subsections A and B; in Subsection A, added "The department may award", after "minority doctoral", added "loan repayment", after "assistance grant", deleted "may be awarded to a student" and added "to a recipient"; designated former Subsections C through E as Paragraphs A(1) through A(3), respectively; in Paragraph A(1), after "has been", deleted "interviewed and approved by an academic committee from the sponsoring" and added "hired by a public post-secondary educational", after "institution", added "in New Mexico for a full-time, tenure-track faculty position"; in Paragraph A(2), after "complied with all", added "of", after "rules", deleted "and regulations", after "adopted by the", deleted "commission" and added "department", after "Minority Doctoral", added "Loan Repayment", and after "Assistance", deleted "Loan for Service Program" and added "Act"; and added Subsection B.
The 1991 amendment,
effective June 14, 1991, substituted "Loan for Service Program" for "Act" at the end of Subsection D.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-6 - Repealed.

History:
Laws 1990 (1st S.S.), ch. 8, § 6; repealed by Laws 2017, ch. 83, § 7.
ANNOTATIONS
Repeals.
— Laws 2017, ch. 83, § 7 repealed 21-21I-6 NMSA 1978, as enacted by Laws 1990 (1st S.S.), ch. 8, § 6, relating to delegation of contract rights, effective June 16, 2017. For provisions of former section,
see
the 2016 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-7 - Rulemaking.

The department shall adopt rules to implement the provisions of the Minority Doctoral Loan Repayment Assistance Act. The rules:
A. shall provide procedures for awarding minority doctoral loan repayment assistance grants;
B. shall provide procedures for determining the amount of each minority doctoral loan repayment assistance grant; and
C. may provide for the disbursement of funds to a lender on behalf of a recipient in annual or other periodic installments.
History:
Laws 1990 (1st S.S.), ch. 8, § 7; 1991, ch. 262, § 26; repealed and reenacted by Laws 2017, ch. 83, § 6.
ANNOTATIONS
Repeals and reenactments.
— Laws 2017, ch. 83, § 6 repealed former 21-21I-7 NMSA 1978 and enacted a new section, effective June 16, 2017.
The 1991 amendment,
effective June 14, 1991, substituted "Loan for Service Program" for "Act" at the end of the first sentence and added the second sentence.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21I - Minority Doctoral Loan Repayment Assistance › Section 21-21I-8 - Cancellation.

The contract entered into between the student and the sponsoring institution may be cancelled upon approval of the commission [department] for any reasonable cause deemed sufficient by the commission [department] in accordance with its rules and regulations.
History:
Laws 1990 (1st S.S.), ch. 8, § 8.
ANNOTATIONS
Bracketed 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.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-1 - Repealed.

History:
Laws 1995, ch. 35, § 1; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-1 NMSA 1978, as enacted by Laws 1995, ch. 35, § 1, relating to short title, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-2 - Repealed.

History:
Laws 1995, ch. 35, § 2; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-2 NMSA 1978, as enacted by Laws 1995, ch. 35, § 2, relating to purpose, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-3 - Repealed.

History:
Laws 1995, ch. 35, § 3; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-3 NMSA 1978, as enacted by Laws 1995, ch. 35, § 3, relating to definitions, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-4 - Repealed.

History:
Laws 1995, ch. 35, § 4; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-4 NMSA 1978, as enacted by Laws 1995, ch. 35, § 4, relating to conditions for eligibility, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-5 - Repealed.

History:
Laws 1995, ch. 35, § 5; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-5 NMSA 1978, as enacted by Laws 1995, ch. 35, § 5, relating to scholarship authorized, administration, preference in scholarship awards, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-6 - Repealed.

History:
Laws 1995, ch. 35, § 6; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-6 NMSA 1978, as enacted by Laws 1995, ch. 35, § 6, relating to duration of scholarship, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-7 - Repealed.

History:
Laws 1995, ch. 35, § 7; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-7 NMSA 1978, as enacted by Laws 1995, ch. 35, § 7, relating to termination of scholarship, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21J - Legislative Endowment Scholarship (Repealed.) › Section 21-21J-8 - Repealed.

History:
Laws 1995, ch. 35, § 8; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21J-8 NMSA 1978, as enacted by Laws 1995, ch. 35, § 8, relating to fund created, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21K - Education Trusts › Section 21-21K-1 - Short title.

Chapter 21, Article 21K NMSA 1978 may be cited as the "Education Trust Act".
History:
Laws 1997, ch. 259, § 1; 2014, ch. 76, § 1.
ANNOTATIONS
The 2014 amendment,
effective May 21, 2014, added the NMSA chapter and article for the Education Trust Act; and at the beginning of the sentence, deleted "Sections 1 through 7 of this act" and added "Chapter 21, Article 21K NMSA 1978".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21K - Education Trusts › Section 21-21K-4 - Board created; members; appointment; terms of office.

A. The "education trust board" is created. The board is administratively attached to the department, and the department shall provide administrative support for the board in carrying out its duties pursuant to the Education Trust Act. The board shall consist of the following voting members:
(1) the secretary of higher education or the secretary's designee, who shall be the ex-officio chair of the board;
(2) two members appointed by the governor;
(3) one member representing institutions of higher education appointed by the speaker of the house of representatives; and
(4) one member representing students at institutions of higher education, appointed by the president pro tempore of the senate.
B. The appointed members must possess knowledge, skill and experience in higher education, business or finance.
C. The appointed members shall serve six-year terms, with the exception of the member representing students, who shall be appointed for a two-year term. Vacancies on the board shall be filled by the respective appointing authority for the remainder of the vacating member's term.
D. Three members of the board constitute a quorum. Action may be taken by the board upon an affirmative vote of the majority of members present at the meeting at which a quorum is present. A vacancy in the membership of the board does not impair the right of a quorum to exercise the powers and duties of the board.
E. Members of the board shall be subject to the provisions of the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978] and shall receive no other compensation, perquisite or allowance for their service on the board.
History:
Laws 1997, ch. 259, § 4; 2011, ch. 51, § 2; 2014, ch. 76, § 4.
ANNOTATIONS
The 2014 amendment,
effective May 21, 2014, changed the membership of the education trust board; specified the number of members to constitute a quorum; removed the authority of the board to adopt rules and regulations; in the catchline, after "office", deleted the "powers and duties"; in Subsection A, in the introductory paragraph, in the first sentence, deleted "There is created", and after "attached to the", added "is created", and in the second sentence, after "attached to the", deleted "higher education"; in Subsection A, Paragraph (2), at the beginning of the sentence, changed "one member" to "two members"; added Subsection D; and deleted former Subsection E, which authorized the board to adopt rules and regulations to carry out the provisions of the Education Trust Act and to determine the cost of attendance at institutions of higher education.
The 2011 amendment,
effective July 1, 2011, attached the board to the higher education department and removed the state investment officer as a member of the board.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21K - Education Trusts › Section 21-21K-4.1 - Board; powers and duties.

A. The board may:
(1) adopt, amend or repeal and promulgate rules necessary to carry out the provisions of the Education Trust Act;
(2) sue and be sued;
(3) enter into contracts;
(4) employ or contract for professional, technical and clerical staff and independent counsel;
(5) contract with one or more financial institutions to manage the education trust fund and the separate trust accounts;
(6) enter into education investment agreements with interested persons to participate in the education savings program;
(7) charge, impose and collect administrative fees as provided in an education investment agreement or other contract relating to the education savings program in amounts not exceeding the reasonable costs of establishing, marketing and otherwise administering the program; and
(8) do those things necessary or convenient in accordance with the Education Trust Act to carry out the provisions of that act.
B. The board shall adopt and promulgate education trust fund investment guidelines and otherwise administer the education savings program in compliance with the Uniform Prudent Investor Act [45-7-601 to 45-7-612 NMSA 1978].
History:
Laws 2014, ch. 76, § 5; 2023, ch. 17, § 5.
ANNOTATIONS
The 2023 amendment,
effective June 16, 2023, revised references to education investment plans; and substituted "education" for "college" throughout the section.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21K - Education Trusts › Section 21-21K-6 - Claims of creditors; exemption; liability immunity; state not liable.

A. Money credited to or expended from any account in the education trust fund by or on behalf of an account owner or beneficiary is exempt from all claims of creditors of the account owner, the beneficiary or the board.
B. If the board carries out its review responsibility of the manager's investment decisions consistent with the Uniform Prudent Investor Act [45-7-601 to 45-7-612 NMSA 1978], the board or an employee shall not be liable to anyone for any losses sustained as a result of investment decisions. A member of the board, while acting within the scope of the member's authority or while acting as a trustee of the education trust fund or any separate trust fund or account of the board, shall not be subject to any personal liability for any action taken or omitted within that scope of authority.
C. In no event shall any liability of or contractual obligation incurred by the education savings program obligate or encumber any of the state's funds or treasury, including but not limited to the state's general fund, land grant permanent funds, the severance tax permanent fund or any other permanent fund or any money that is a part of a state-funded financial aid program. Nothing in the Education Trust Act creates any obligation, legal, moral or otherwise, to fulfill the terms of any education investment agreement or any other obligation or liability out of any source other than the education trust fund or the program administration fund.
History:
Laws 1997, ch. 259, § 6; 1999, ch. 221, § 4; repealed and reenacted by Laws 2014, ch. 76, § 7; 2023, ch. 17, § 7.
ANNOTATIONS
Repeals and reenactments.
— Laws 2014, ch. 76, § 7 repealed former 21-21K-6 NMSA 1978, and enacted a new section, effective May 21, 2014.
The 2023 amendment,
effective June 16, 2023, revised references to education investment plans; and substituted "education" for "college" throughout the section.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21K - Education Trusts › Section 21-21K-7 - Reports.

A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:
(1) the board's fiscal transactions during the preceding fiscal year;
(2) the market value of the education trust fund as of the end of the preceding fiscal year;
(3) the asset allocations of the education trust fund expressed in percentages of stocks, fixed income securities, cash or other financial assets; and
(4) the rate of return on the investment of the education trust fund's assets during the preceding fiscal year.
B. The board shall make the report described by Subsection A of this section available to account owners.
History:
Laws 1997, ch. 259, § 7; 1999, ch. 221, § 5; 2014, ch. 76, § 8.
ANNOTATIONS
The 2014 amendment,
effective May 21, 2014, changed the reporting requirements; in Subsection A, Paragraph (2), after "the market", deleted "and book"; in Subsection A, deleted former Paragraph (5), which required that the annual report include an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded; in Subsection A, deleted former Paragraph (6), which required that the annual report include complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education; and in Subsection B, after "available to", deleted "purchasers of prepaid tuition contracts and investments under college investment agreements" and added "account owners".
The 1999 amendment,
effective June 18, 1999, in Subsection A, deleted "Not later than November 1 of each year" from the beginning and substituted "The board shall annually submit" for "The board shall submit".
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-1 - Repealed.

History:
Laws 2005, ch. 192, § 1; 2007, ch. 70, § 1; 2007, ch. 71, § 1; 2007, ch. 85, § 1; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-1 NMSA 1978, as enacted by Laws 2005, ch. 192, § 1, relating to short title, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-2 - Repealed.

History:
Laws 2005, ch. 192, § 2; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-2 NMSA 1978, as enacted by Laws 2005, ch. 192, § 2, relating to purpose, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-3 - Repealed.

History:
Laws 2005, ch. 192, § 3; 2007, ch. 70, § 2; 2007, ch. 71, § 2; 2007, ch. 85, § 2; 2015, ch. 122, § 6; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-3 NMSA 1978, as enacted by Laws 2005, ch. 192, § 3, relating to definitions, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-4 - Repealed.

History:
Laws 2005, ch. 192, § 4; 2007, ch. 70, § 3; 2007, ch. 71, § 3; 2007, ch. 85, § 3; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-4 NMSA 1978, as enacted by Laws 2005, ch. 192, § 4, relating to conditions for eligibility, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-5 - Repealed.

History:
Laws 2005, ch. 192, § 5; 2007, ch. 70, § 4; 2007, ch. 71, § 4; 2007, ch. 85, § 4; 2019, ch. 56, § 1; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-5 NMSA 1978, as enacted by Laws 2005, ch. 192, § 5, relating to scholarship authorized, administration, preference in scholarship awards, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-6 - Repealed.

History:
Laws 2005, ch. 192, § 6; 2007, ch. 70, § 5; 2007, ch. 71, § 5; 2007, ch. 85, § 5; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-6 NMSA 1978, as enacted by Laws 2005, ch. 192, § 6, relating to duration of scholarship, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-7 - Repealed.

History:
Laws 2005, ch. 192, § 7; 2007, ch. 70, § 6; 2007, ch. 71, § 6; 2007, ch. 85, § 6; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-7 NMSA 1978, as enacted by Laws 2005, ch. 192, § 7, relating to termination of scholarship, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21L - College Affordability (Repealed.) › Section 21-21L-8 - Repealed.

History:
Laws 2005, ch. 192, § 8; 2007, ch. 70, § 7; 2007, ch. 71, § 7; 2007, ch. 85, § 7; 2019, ch. 56, § 2; repealed by Laws 2022, ch. 42, § 10.
ANNOTATIONS
Repeals.
— Laws 2022, ch. 42, § 10 repealed 21-21L-8 NMSA 1978, as enacted by Laws 2005, ch. 192, § 8, relating to funds created, effective July 1, 2022. For provisions of former section,
see
the 2021 NMSA 1978 on
NMOneSource.com
.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-1 - Short title.

This act [21-21M-1 to 21-21M-8 NMSA 1978] may be cited as the "Students with Disabilities Scholarship Act".
History:
Laws 2007, ch. 75, § 1 and Laws 2007, ch. 76, § 1.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 1 and Laws 2007, ch. 76, § 1 enacted identical provisions, effective June 15, 2007.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-2 - Purpose of act.

The purpose of the Students with Disabilities Scholarship Act is to increase undergraduate enrollment of students with disabilities by establishing a scholarship program for those students in New Mexico's public post-secondary educational institutions.
History:
Laws 2007, ch. 75, § 2 and Laws 2007, ch. 76, § 2.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 2 and Laws 2007, ch. 76, § 2 enacted identical provisions, effective June 15, 2007.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-3 - Definitions.

As used in the Students with Disabilities Scholarship Act:
A. "award recipient" means a student with disabilities who receives an undergraduate scholarship;
B. "department" means the higher education department;
C. "secretary" means secretary of higher education; and
D. "student with disabilities" means a student who has a record of a physical or mental condition that substantially limits one or more major life activities, including attention deficit disorder or other specific learning disabilities that the department recognizes as disabilities.
History:
Laws 2007, ch. 75, § 3 and Laws 2007, ch. 76, § 3.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 3 and Laws 2007, ch. 76, § 3 enacted identical provisions, effective June 15, 2007.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-4 - Conditions for eligibility and qualification; awards.

A. The department shall administer the Students with Disabilities Act and shall promulgate rules to carry out the provisions of that act.
B. A student with disabilities may be awarded a scholarship pursuant to the Students with Disabilities Act if the student:
(1) is a resident of New Mexico for the purpose of tuition payment;
(2) has not earned a baccalaureate degree and is enrolled or will be enrolled at least half time in a degree program in a public post-secondary educational institution in New Mexico at the time the scholarship is awarded; and
(3) has complied with other rules promulgated by the department to carry out the provisions of that act.
C. The department shall allocate money to public post-secondary educational institutions for scholarships for qualified students with disabilities based on the percentage of the institution's students classified as students with disabilities.
D. Public post-secondary educational institutions shall make awards to qualifying students in an amount not to exceed one thousand dollars ($1,000) per semester as determined by rule of the department; provided that an award shall not exceed the actual cost of educational expenses.
E. Money for an awarded scholarship shall be placed in an account at the public post-secondary educational institution in the name of the student, and the money may be drawn upon to pay educational expenses charged by the institution, including tuition, fees, books and course supplies.
History:
Laws 2007, ch. 75, § 4 and Laws 2007, ch. 76, § 4.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 4 and Laws 2007, ch. 76, § 4 enacted identical provisions, effective June 15, 2007.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-5 - Duration of scholarship.

Each scholarship is for a period of one semester. A scholarship may be renewed, provided the award recipient continues to meet the conditions of eligibility, until the award recipient has graduated from an eligible four-year public post-secondary educational institution.
History:
Laws 2007, ch. 75, § 5 and Laws 2007, ch. 76, § 5.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 5 and Laws 2007, ch. 76, § 5 enacted identical provisions, effective June 15, 2007.
2023 New Mexico Statutes › Chapter 21 - State and Private Education Institutions › Article 21M - Students with Disabilities Scholarship Act › Section 21-21M-6 - Termination of scholarship.

A scholarship is terminated upon occurrence of one or more of the following:
A. withdrawal of the award recipient from the public post-secondary educational institution or failure to remain as at least a half-time student;
B. failure of the award recipient to achieve satisfactory academic progress; or
C. substantial noncompliance by the award recipient with the Students with Disabilities Scholarship Act or the rules promulgated pursuant to that act.
History:
Laws 2007, ch. 75, § 6 and Laws 2007, ch. 76, § 6.
ANNOTATIONS
Compiler's notes.
— Laws 2007, ch. 75, § 6 and Laws 2007, ch. 76, § 6 enacted identical provisions, effective June 15, 2007.