There is created in the state treasury the "nursing student loan for service fund". All money appropriated for loans to nursing students under the Nursing Student Loan for Service Act shall be credited to the fund and all payments of principal and interest on loans made pursuant to that act received by the commission [department] shall be deposited with the state treasurer for credit to the fund or shall be deposited with the commission's [department's] administrative agent. All payments for loans shall be made upon vouchers signed by the designated representatives of the commission [department].
History: 1978 Comp., § 21-22B-8, enacted by Laws 1987, ch. 299, § 8; 1989, ch. 324, § 16; 1991, ch. 262, § 51.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
For designation of the commission on higher education as the higher education department, see 9-25-4.1 NMSA 1978.
The 1991 amendment, effective June 14, 1991, inserted "for service" and "for Service" in the first and second sentences; inserted "or shall be deposited with the commission's administrative agent" at the end of the second sentence; and deleted the former final sentence which read "The provisions of this section are effective July 1, 1990".
Am. Jur. 2d, A.L.R. and C.J.S. references. — 63A Am. Jur. 2d Public Funds § 3.
81A C.J.S. States § 135.