The number of fine arts education program units is determined by multiplying the full-time-equivalent MEM in programs implemented in accordance with the provisions of the Fine Arts Education Act [Chapter 22, Article 15D NMSA 1978] by the cost differential factor of 0.055 for fiscal year 2024 and succeeding fiscal years. History: Laws 2003, ch. 144, § 3 and by Laws 2003, ch. 152, § 8; 2023, ch. 148, § 2. ANNOTATIONSThe 2023 amendment, effective June 16, 2023, increased the fine arts cost differential factor; and after 'cost differential factor of', deleted '0.0166 for fiscal year 2004, 0.0332 for fiscal year 2005 and 0.05' and added '0.055', and after the next occurrence of 'for fiscal year', deleted '2006' and added '2024'.
New Mexico Legal Code