N.M. Admin. Code § 5.3.9.6 - OBJECTIVE
A. The objective of
5.3.9 NMAC is to establish a process by which the higher education department
will review capital outlay funding recommendation packages developed by
institutions and present those to the higher education department and submit
those approved to the legislature annually.
B. The purpose of 5.3.9 NMAC is to provide
public higher education institutions with an equitable process by which the
department can review packages from institutions that contain capital projects,
listed in priority order, that are considered to represent the greatest needs
of the state and of the institutions. The higher education department, will
review requests for capital outlay funding submitted by postsecondary
institutions and special constitutional schools, recommend the projects in
priority order, and present funding recommendations for approval by the
department.
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