New Mexico § 21-12-21 New Mexico military institute; transfer of budget

New Mexico Statutes

§ 21-12-21 — New Mexico military institute; transfer of budget

New Mexico § 21-12-21

Ch. 21State and Private Education Institutions

Art. 12New Mexico Military Institute

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Bluebook

N.M. Stat. Ann. § 21-12-21 (2026).

Text

balances. With the approval of the higher education department, the board of regents of the New Mexico military institute may, each fiscal year, transfer up to five hundred thousand dollars ($500,000) of the institute's budget balances, including existing scholarship endowments, to the Luciano "Lucky" Varela opportunity scholarship fund established to implement the Luciano "Lucky" Varela opportunity scholarship.

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balances. With the approval of the higher education department, the board of regents of the New Mexico military institute may, each fiscal year, transfer up to five hundred thousand dollars ($500,000) of the institute's budget balances, including existing scholarship endowments, to the Luciano "Lucky" Varela opportunity scholarship fund established to implement the Luciano "Lucky" Varela opportunity scholarship.