The board of regents of New Mexico military institute may invest and reinvest the legislative scholarship fund in accordance with state investment council policy for market rate investments for the severance tax permanent fund, subject to the approval of the state investment council after explanation and presentation of the investment plan.
§ 21-12-14 NMSA 1978
Investment of fund
1978 Comp., § 21-12-14, enacted by Laws 1990, ch. 109, § 2; 1997, ch. 225, § 1.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.