There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 21 - Student Loans
Section 21-21-7 - Certification of the board of educational finance commission on higher education.
Universal Citation: NM Stat § 21-21-7 (2017)
21-21-7. Certification of the board of educational finance [commission on higher education].
Upon report by the fiscal agent of the accumulated total of guaranteed loans requiring funding under the Student Loan Act, the board of educational finance [commission on higher education [higher education department]] shall certify to the state treasurer the demonstrated need for disbursement from the student loan fund. The state treasurer shall then disburse the needed funds to the fiscal agent. If the need for disbursement exceeds the balance in the student loan fund, the board of finance shall determine the requirements of the fund for income from the sale of revenue bonds.
History: 1953 Comp., 73-38-7, enacted by Laws 1970, ch. 82, 7.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
