§ 21-22H-1 Short title
§ 21-22H-2 Purpose
§ 21-22H-3 Definitions
§ 21-22H-4 Department powers and duties; teacher eligibility;
§ 21-22H-5 Loan repayment award criteria; contract terms; payment
§ 21-22H-6 Contracts; enforcement
§ 21-22H-7 Teacher loan repayment fund created; method of payment
§ 21-22H-8 Cancellation
§ 21-22H-9 Reports
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Terms Used In New Mexico Statutes > Chapter 21 > Article 22H - Teacher Loan Repayment

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • 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.