As used in the New Mexico Scholars Act: A. 'academic year' means any consecutive period of two semesters, three quarters or other comparable units commencing with the fall term each year; B. 'award recipient' means a student awarded a New Mexico Scholars Act scholarship; C. 'department' means the higher education department; D. 'eligible institution' means any degree-granting educational institution in New Mexico accredited by the north central association of colleges and secondary schools; E. 'satisfactory academic progress' means completion of at least twenty-four credit hours per year and maintenance of a cumulative grade point average of a minimum of 3.0 or higher on a scale of 4.0; and F. 'scholarship' means a scholarship awarded pursuant to the New Mexico Scholars Act. History: Laws 1989, ch. 212, § 3; 2013, ch. 171, § 2. ANNOTATIONSThe 2013 amendment, effective July 1, 2013, assigned the administration of the act to the higher education department; and in Subsection C, at the beginning of the sentence, deletes 'commission' and added 'department'; after 'means the', deleted 'commission on'; and after 'education', added 'department'.
New Mexico Legal Code