N.M. Code R. § 5.55.2.8 - REIMBURSEMENT OF TUITION AND FEES

A. If sufficient appropriations are received, the tribal colleges will be fully reimbursed for all dual credit tuition and fees. The date of reimbursements is dependent upon receiving accurate and timely data from each tribal college in order to accurately calculate the amount due to each college. If final and accurate data is received in a timely manner, the reimbursements for fall semester will be distributed on or about March 31 of each year. If final and accurate data is received in a timely manner, the reimbursements for the spring semester will be made on or about August 31 of each year.

B. If the legislative appropriation is inadequate to fully reimburse each of the tribal colleges for the full amount of the tuition and fees expended to provide dual credit, the department will offer the presidents of the tribal colleges or their designees the opportunity to select another method of reimbursement.

C. In the event of an inadequate appropriation, the department will honor a fair and equitable alternative method of distribution of the reimbursement only if the method is agreed upon by all the tribal colleges pursuant to a memorandum of agreement.

D. If the tribal colleges cannot agree unanimously upon a fair and equitable distribution of an inadequate appropriation for dual credit tuition and fees, the department will develop a formula that fairly distributes the appropriation. The department's formula will be distributed to the colleges for review and comment before any distribution is made. However, in the event of disagreement, the department's determination of a distribution method is the final determination.

Notes

N.M. Code R. § 5.55.2.8

Amended by New Mexico Register, Volume XXV, Issue 21, November 13, 2014, eff. 11/13/2014