Current through 2024, ch. 69
Section 21-21N-6 - Department rulemaking and reportingA. The department shall promulgate rules setting forth explicit criteria in accordance with the Legislative Lottery Tuition Scholarship Act for: (1) student qualification and continuing eligibility; and(2) calculating the tuition scholarship award amount pursuant to Section 4 [21-21N-4 NMSA 1978] of the Legislative Lottery Tuition Scholarship Act and guidelines for the administration of the tuition scholarship program.B. The department shall report by November 1 of each year to the legislative finance committee and the department of finance and administration on:(1) the status of the fund;(2) tuition scholarship program participation data aggregated for each public post-secondary educational institution to show: (a) the number of qualified students and the number of legacy students who received tuition scholarships in the prior twelve-month period;(b) the total number of students, including qualified students and legacy students, enrolled in the prior twelve-month period;(c) for each semester, the amount of tuition scholarships funded and the amount of tuition costs that were not offset by the tuition scholarship; and(d) the number of qualified students and the number of legacy students who graduated with a degree and, for each qualified student, the number of consecutive semesters and nonconsecutive semesters attended prior to graduation; and(3) any additional information required or requested by the legislative finance committee or the department of finance and administration.