Section 21-12-15 - New Mexico military institute; transfer of budget balances. - New Mexico Statutes

21-12-15. New Mexico military institute; transfer of budget balances.

With the approval of the commission on higher education, the board of regents of New Mexico military institute may, each fiscal year, transfer up to five hundred thousand dollars ($500,000) of the institute's budget balances to the legislative scholarship fund established to implement the General Richard T. Knowles legislative scholarship program.