Scholarship awards shall be for seven thousand two hundred dollars ($7,200) per year to be disbursed in equal installments over the period of an academic year. History: Laws 1988, ch. 111, § 7; 1991, ch. 262, § 13. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, substituted 'scholarships' for 'fellowships' in the catchline; substituted 'Scholarship' for 'Fellowship' at the beginning of the section; and substituted 'equal installments over the period of an academic year' for 'a six hundred dollar ($600) per month stipend for a period up to twelve months'.
New Mexico Legal Code