Section 21-1-4.4 - Commission on higher education [higher education department]; determination of tuition scholarships; use of lottery tuition fund. - New Mexico Statutes

21-1-4.4. Commission on higher education [higher education department]; determination of tuition scholarships; use of lottery tuition fund.

Prior to June 1 of each year, the commission on higher education [higher education department] shall determine the amount of money available for tuition scholarships at state public post-secondary educational institutions. Based on the amount appropriated by the legislature from the lottery tuition fund and on the projected enrollment at all public post-secondary educational institutions, the commission on higher education shall establish the percentage of tuition that shall be awarded for qualified resident students attending New Mexico public post-secondary educational institutions. The percentage of tuition awarded shall be the same for each institution, regardless of the actual cost of tuition at each institution.