The general form of the contract shall be prepared and approved by the attorney general and signed by the loan recipient and a designee of the commission [department] on behalf of the state. The commission [department] is vested with full and complete authority and power to sue in its own name for any balance due the state from a loan recipient on a contract.
History: Laws 2001, ch. 288, § 7.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978.
Effective dates. — Laws 2001, ch. 288, § 11 made the Teacher Loan for Service Act effective July 1, 2001.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 22E - Teacher Loan for Service
Section 21-22E-1 - Short title.
Section 21-22E-3 - Definitions.
Section 21-22E-4 - Teacher student loans authorized; qualifications.
Section 21-22E-5 - Delegation of duties to other state agencies.
Section 21-22E-6 - Teacher loans; contract terms; repayment.
Section 21-22E-7 - Contracts; legal assistance; enforcement.
Section 21-22E-8 - Fund created; method of payment.