1. A. “Capital outlay committee” means the standing committee of the New Mexico department of higher education that reviews all capital projects.
2. B. “Department” means the New Mexico department of higher education.
3. C. “FTE enrollments” means the total number of student credit hours divided by 30 at the undergraduate level and divided by 24 at the graduate level, on an annual basis.
4. D. “Institutional plan” means the plan that each university, branch campus, college and special school must have on file at the department. It is a current five-year institutional plan containing the information on capital resources which is required by the institutional planning guidelines. The required information for branches of four-year institutions may be included in the main campus institutional plan, but must be provided in full for each branch campus.
5. E. “Legal description” means the legal description of the subject property as described by the meets and bounds survey as completed and verified by a certified New Mexico land surveyor.
6. F. “Real property” means land and all interests in it such as buildings and fixtures.

[5.3.10.7 NMAC - Rp, 5.3.10.7 NMAC, 10/31/2017]