New Mexico Statutes
§ 21-1-27 — Higher education department; distribution of available
New Mexico·Ch. 21 State and Private Education Institutions·Art. 1 General Provisions Relating to State Educational
funds. In its distribution of available funds and its adjustment and approval of budgets, the higher education department shall not, in any event or in any manner, substitute for public funds any gift, donation, private endowment, patent income or other gratuity received or enjoyed by an institution in determining the adequate financing of an institution under its charge.
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Legislative History
1953 Comp., § 73-29-15.1, enacted by Laws 1965, ch. 267, § 1; 1986, ch. 24,
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