New Mexico Statutes
§ 21-21-3 — Student loan fund; loan authority
New Mexico § 21-21-3
This text of New Mexico § 21-21-3 (Student loan fund; loan authority) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 21-21-3 (2026).
Text
There is created in the state treasury the "student loan fund". The state treasurer may use the student loan fund to: A. purchase, from the fiscal agent, loans guaranteed by the United States made to qualified students at participating institutions; and B. purchase from lending agencies located in New Mexico student loan notes guaranteed by the United States made to qualified students who at the time of the loan were attending participating institutions and who are currently attending participating institutions and who are also borrowers from the student loan fund. The fiscal agent and the state board of educational finance [commission on higher education [higher education department]] shall approve the purchase of student loan notes. The purchased student loan notes shall be delivered to
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Legislative History
1953 Comp., § 73-38-3, enacted by Laws 1970, ch. 82, § 3; 1972, ch. 49, § 1.
Nearby Sections
15
§ 21-1-10
Delegation of authority§ 21-1-11
[Allocation of funds.]§ 21-1-12
[Annual reports; contents.]§ 21-1-19
[Oaths of board members; filing.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 21-21-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/21/21-21-3.