New Mexico Statutes
§ 21-21-7 — Certification of the board of educational finance
New Mexico § 21-21-7
This text of New Mexico § 21-21-7 (Certification of the board of educational finance) 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. § 21-21-7 (2026).
Text
[commission on higher education]. Upon report by the fiscal agent of the accumulated total of guaranteed loans requiring funding under the Student Loan Act, the board of educational finance [commission on higher education [higher education department]] shall certify to the state treasurer the demonstrated need for disbursement from the student loan fund. The state treasurer shall then disburse the needed funds to the fiscal agent. If the need for disbursement exceeds the balance in the student loan fund, the board of finance shall determine the requirements of the fund for income from the sale of revenue bonds.
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Legislative History
1953 Comp., § 73-38-7, enacted by Laws 1970, ch. 82, § 7.
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 § 21-21-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/21/21-21-7.