The general form of the contract provided for in Section 21-22A-6 NMSA 1978 shall be prepared and approved by the attorney general and signed by the loan recipient and a designee of the department on behalf of the state. The department is vested with full and complete authority and power to sue in its own name for any balance due the state from any loan recipient on any such contract.
History: 1978 Comp., § 21-22A-7, enacted by Laws 1978, ch. 109, § 7; 1991, ch. 262, § 43; 2016, ch. 42, § 5.
ANNOTATIONSThe 2016 amendment, effective May 18, 2016, changed references to commission on higher education to the higher education department; after "signed by the", deleted "student" and added "loan recipient", after "designee of the", deleted "commission" and added "department", after "behalf of the state. The", deleted "commission" and added "department", and after "the state from any", deleted "student" and added "loan recipient".
The 1991 amendment, effective June 14, 1991, substituted "commission" for "board" in two places and, in the first sentence, inserted "provided for in Section 21-22A-6 NMSA 1978" and substituted "a designee" for "the chairman and executive secretary".
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 5.
14A C.J.S. Colleges and Universities § 17.