New Mexico § 21-1-27.3 - Higher education performance fund; created; administration; distributions
Full text of New Mexico New Mexico Statutes Annotated § 21-1-27.3 — Higher education performance fund; created; administration; distributions, with citation guidance and answers to common questions.
§ 21-1-27.3. Higher education performance fund; created; administration; distributions
A. The “higher education performance fund” is created in the state treasury. The fund consists of appropriations, gifts, grants, donations and income from investment
of the fund. Money in the fund shall not revert to any other fund. The fund shall be administered by the higher education department 1 and money in the fund is appropriated to the department for distributions to public
post-secondary educational institutions. B. The commission [department] shall distribute money in the fund annually to each
public post-secondary educational institution that met its performance standards in
the preceding year. C. The commission [department] shall develop rules for the assessment of performance
measures and standards for public post-secondary educational institutions and shall
annually assess the performance of each institution according to those measures and
standards. 1
References to the commission on higher education are deemed references to the higher
education department; see NMSA 1978, § 9-25-4.1.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 21-1-27.3
What does New Mexico Statutes Annotated § 21-1-27.3 cover?
Section 21-1-27.3 ("Higher education performance fund; created; administration; distributions") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 21-1-27.3?
A common citation format is "New Mexico Statutes Annotated § 21-1-27.3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 21-1-27.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.