A. To be considered eligible for a distribution from the endowment, a proposal submitted by a public postsecondary institution shall:
- (1) demonstrate how the funds will be used to enhance the quality of public post-secondary education in New Mexico;
- (2) indicate which of the governor’s initiatives the proposal addresses; and
- (3) identify the source and eligibility of matching funds.
B. All proposals shall include a report identifying:
- (1) The status of all legislative endowment funds held by the institution, including the value of the corpus and any income from investment of said corpus; and
- (2) All activities currently supported by the investment income from the endowment.
[5.3.6.10 NMAC - N, 10/15/2015]