Each scholarship is for a period of one academic year. The scholarship may be renewed annually until the award recipient has received four annual scholarship awards or until the student graduates from a four-year institution, whichever is earlier. An award recipient may use the award at a two-year institution until the award recipient receives two annual scholarship awards. In no case shall a student receive more than four annual awards. History: Laws 1989, ch. 212, § 6; 1991, ch. 262, § 19. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, deleted the subsection designation 'A' at the beginning of the section; deleted 'and then may transfer the award to a four-year institution' at the end of the third sentence; and deleted former Subsection B which read 'Once use of a scholarship is begun, it must be used for four consecutive academic years at the eligible institution or the scholarship will be terminated. This requirement may be waived at the discretion of the commission for award recipients entering cooperative programs or other special activities'.
New Mexico Legal Code