New Mexico § 21-21K-7 Reports

New Mexico Statutes

§ 21-21K-7 — Reports

New Mexico·Ch. 21 State and Private Education Institutions·Art. 21K Education Trusts

A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:

(1)the board's fiscal transactions during the preceding fiscal year;

(2)the market value of the education trust fund as of the end of the preceding fiscal year;

(3)the asset allocations of the education trust fund expressed in percentages of stocks, fixed income securities, cash or other financial assets; and (4) the rate of return on the investment of the education trust fund's assets during the preceding fiscal year. B. The board shall make the report described by Subsection A of this section available to account owners.

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A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including: (1) the board's fiscal transactions during the preceding fiscal year; (2) the market value of the education trust fund as of the end of the preceding fiscal year; (3) the asset allocations of the education trust fund expressed in percentages of stocks, fixed income securities, cash or other financial assets; and (4) the rate of return on the investment of the education trust fund's assets during the preceding fiscal year. B. The board shall make the report described by Subsection A of this section available to account owners.

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