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2025 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 12 - New Mexico Military Institute
Section 21-12-21 - New Mexico military institute; transfer of budget balances.
Universal Citation:
NM Stat § 21-12-21 (2025)
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With the approval of the higher education department, the board of regents of the New Mexico military institute may, each fiscal year, transfer up to five hundred thousand dollars ($500,000) of the institute's budget balances, including existing scholarship endowments, to the Luciano "Lucky" Varela opportunity scholarship fund established to implement the Luciano "Lucky" Varela opportunity scholarship.
History: Laws 2018, ch. 20, § 4.
ANNOTATIONSEffective dates. — Laws 2018, ch. 20, § 6 made Laws 2018, ch. 20, § 4 effective July 1, 2018.
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