New Mexico Statutes 76-10-22. Appropriation
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The legislature shall appropriate to the New Mexico state university annually the amount necessary, out of the moneys of the state, except moneys reserved for the payment of the public debt, for the purpose of complying with this act [76-10-11 to 76- 10-22 NMSA 1978] and to fulfill and carry out its purposes.
Terms Used In New Mexico Statutes 76-10-22
- Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.