The department shall adopt rules to implement the provisions of the Minority Doctoral Loan Repayment Assistance Act. The rules:
A. shall provide procedures for awarding minority doctoral loan repayment assistance grants;
B. shall provide procedures for determining the amount of each minority doctoral loan repayment assistance grant; and
C. may provide for the disbursement of funds to a lender on behalf of a recipient in annual or other periodic installments.
History: Laws 1990 (1st S.S.), ch. 8, § 7; 1991, ch. 262, § 26; repealed and reenacted by Laws 2017, ch. 83, § 6.
Repeals and reenactments. — Laws 2017, ch. 83, § 6 repealed former 21-21I-7 NMSA 1978 and enacted a new section, effective June 16, 2017.
The 1991 amendment, effective June 14, 1991, substituted "Loan for Service Program" for "Act" at the end of the first sentence and added the second sentence.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 21I - Minority Doctoral Loan Repayment Assistance
Section 21-21I-1 - Short title.
Section 21-21I-3 - Definitions.
Section 21-21I-4 - Conditions for eligibility.
Section 21-21I-5 - Minority doctoral loan repayment contracts and terms.