N.M. Admin. Code § 5.3.6.10

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

Section 5.3.6.10 - PROPOSAL REQUIREMENTS

A. To be considered eligible for a distribution from the endowment, a proposal submitted by a public postsecondary institution shall:

(1) demonstrate how the funds will be used to enhance the quality of public post-secondary education in New Mexico;

(2) indicate which of the governor's initiatives the proposal addresses; and

(3) identify the source and eligibility of matching funds.

B. All proposals shall include a report identifying:

(1)The status of all legislative endowment funds held by the institution, including the value of the corpus and any income from investment of said corpus; and

(2)All activities currently supported by the investment income from the endowment.

N.M. Admin. Code § 5.3.6.10

Adopted by New Mexico Register, Volume XXVI, Issue 19, October 15, 2015, eff. 10/15/2015