N.M. Admin. Code § 5.3.5.8

Current through Register Vol. 35, No. 17, September 10, 2024

Section 5.3.5.8 - GENERAL PRINCIPLES

A. In an effort to maintain equitable funding among institutions, present a reasonable and appropriate funding package to the executive and the legislature, and serve their intended purpose as an analytical and unbiased screen for legislative proposals, the following principles are adopted:

(1) The commission will consider only those institutional requests which have been approved by their governing boards.

(2) Any institutional request requiring action by the commission, along with supporting information, must be in the commission's office thirty (30) days prior to the meeting at which the proposal will be considered. After consideration of any unique circumstances (e.g., nature of commission responsibility, prior commission action on similar proposals, and funding sources), the executive director may waive this requirement.

(3) The commission will not support legislative proposals for funding to higher education institutions which were not reviewed and approved by the commission in the development of its funding recommendations.

B. Appropriations for instruction and general (I and G) purposes are determined through comprehensive funding formulas, which are developed and reviewed annually by commission staff with the cooperation of institutional representatives. When necessary, proposed formula revisions will be adopted by the commission.

N.M. Admin. Code § 5.3.5.8

9/21/84, 12/31/98; Recompiled 10/31/01