Statutes, codes, and regulations
New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATIONChapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 9 - CAPITAL BUDGETS - PLANNING AND FUNDING RECOMMENDATIONS
Section 5.3.9.6 - OBJECTIVE

N.M. Admin. Code § 5.3.9.6

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Current through Register Vol. 35, No. 21, November 5, 2024
Section 5.3.9.6 - OBJECTIVE
A. The objective of 5.3.9 NMAC is to establish a process by which the higher education department will review capital outlay funding recommendation packages developed by institutions and present those to the higher education department and submit those approved to the legislature annually.
B. The purpose of 5.3.9 NMAC is to provide public higher education institutions with an equitable process by which the department can review packages from institutions that contain capital projects, listed in priority order, that are considered to represent the greatest needs of the state and of the institutions. The higher education department, will review requests for capital outlay funding submitted by postsecondary institutions and special constitutional schools, recommend the projects in priority order, and present funding recommendations for approval by the department.

N.M. Admin. Code § 5.3.9.6

12/31/98; 5.3.9.6 NMAC - Rn & A, 5 NMAC 3.9.6, 07/31/05