§ 21-22E-1 Short title
§ 21-22E-2 Purpose
§ 21-22E-3 Definitions
§ 21-22E-4 Teacher student loans authorized; qualifications
§ 21-22E-5 Delegation of duties to other state agencies
§ 21-22E-6 Teacher loans; contract terms; repayment
§ 21-22E-7 Contracts; legal assistance; enforcement
§ 21-22E-8 Fund created; method of payment
§ 21-22E-9 Cancellation
§ 21-22E-10 Reports
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Terms Used In New Mexico Statutes > Chapter 21 > Article 22E - Teacher Loan for Service

  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.