New Mexico Statutes
§ 21-21-6 — Reimbursement of the fiscal agent
New Mexico § 21-21-6
This text of New Mexico § 21-21-6 (Reimbursement of the fiscal agent) 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. § 21-21-6 (2026).
Text
The fiscal agent shall be reimbursed by the board of educational finance [commission on higher education [higher education department]] for the expense connected with his duties under the terms of an agreement negotiated annually by the board of educational finance with the approval of the board of finance. Reimbursement shall include a reasonable overhead in addition to direct costs. An annual appropriation to the board of educational finance for the cost of administering the student loan program shall be made from the general fund. Any part of this appropriation not needed for the reimbursement of the fiscal agent shall revert to the general fund at the end of each fiscal year.
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Legislative History
1953 Comp., § 73-38-6, enacted by Laws 1970, ch. 82, § 6.
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 § 21-21-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/21/21-21-6.