New Mexico § 21-1-27.7 - Fund created
Full text of New Mexico New Mexico Statutes Annotated § 21-1-27.7 — Fund created, with citation guidance and answers to common questions.
§ 21-1-27.7. Fund created
A. There is created in the state treasury the “nurse educators fund”. The state treasurer shall deposit in the fund all amounts appropriated or credited
to the fund. The fund shall be administered by the higher education department, which shall charge
not more than a five percent administrative fee. Earnings from investment of the fund shall accrue to the credit of the fund. Any balance in the fund at the end of any fiscal year shall remain in the fund for
appropriation by the legislature. B. The purpose of the fund is to enable the attainment of bachelor of science, master
of science, doctor of nursing practice and doctor of philosophy degrees in nursing
programs by nursing educators employed by a public post-secondary educational institution
and registered nurses seeking employment as nursing educators in a public post-secondary
educational institution. C. The higher education department shall develop rules for continuing employment or
pay-back provisions for current and future nursing educators who use the fund.
Frequently Asked Questions About New Mexico § 21-1-27.7
What does New Mexico Statutes Annotated § 21-1-27.7 cover?
Section 21-1-27.7 ("Fund created") 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 § 21-1-27.7?
A common citation format is "New Mexico Statutes Annotated § 21-1-27.7" (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 § 21-1-27.7 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.