N.M. Stat. Ann. § 21-21G-7
Scholarship award amounts shall not exceed one hundred percent of tuition and fees for the graduate program at the eligible institution for the academic year; provided that the department shall fund only one semester at a time and shall not fund the second semester of the academic year if the student does not enroll for that semester or does not otherwise maintain eligibility.
History: Laws 1988, ch. 111, § 7; 1991, ch. 262, § 13; 2025, ch. 92, § 4.
The 2025 amendment, effective July 1, 2025, increased the amount of scholarship awards; after "Scholarship" deleted "awards shall be for seven thousand two hundred dollars ($7,200) per year to be disbursed in equal installments over the period of the academic year" and added the remainder of the section.
The 1991 amendment, effective June 14, 1991, substituted "scholarships" for "fellowships" in the catchline; substituted "Scholarship" for "Fellowship" at the beginning of the section; and substituted "equal installments over the period of an academic year" for "a six hundred dollar ($600) per month stipend for a period up to twelve months".