New Mexico Statutes 21-29-4. Commission [department] powers and duties; contracts
A. The commission [department] may:
Terms Used In New Mexico Statutes 21-29-4
- Contract: A legal written agreement that becomes binding when signed.
(1) arrange with other agencies for the performance of services required by the provisions of Section 3 [21-29-3 N.M. Stat. Ann.] of the WICHE Loan for Service Act;
(2) sue in its own name for any balance due the state from a student on a contract;
(3) cancel a contract made between it and a student for a reasonable cause deemed sufficient by the commission [department]; and
(4) adopt regulations to implement the provisions of the WICHE Loan for
Service Act.
B. The commission [department] shall make an annual report to the governor and the legislature prior to the regular session of its activities pursuant to the WICHE Loan for Service Act, including loans granted and paid back or fulfilled through the practice of a profession in New Mexico; a list of the schools or colleges attended by those receiving loans; and any other information the commission [department] deems pertinent.
C. The general form of the contract provided for in Section 3 of the WICHE Loan for Service Act shall be prepared and approved by the attorney general and signed by the student and a designee of the commission [department] on behalf of the state.