Section 21-21K-7 - Reports. - New-mexico Statutes

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Statutes > New-mexico > Chapter-21 > Article-21k > Section-21-21k-7

21-21K-7. Reports.

A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:

(1) the board's fiscal transactions during the preceding fiscal year;

(2) the market and book value of the fund as of the end of the preceding fiscal year;

(3) the asset allocations of the fund expressed in percentages of stocks, fixed income securities, cash or other financial assets;

(4) the rate of return on the investment of the fund's assets during the preceding fiscal year;

(5) an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded; and

(6) complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education.

B. The board shall make the report described by Subsection A available to purchasers of prepaid tuition contracts and investments under college investment agreements.

State Codes and Statutes

Statutes > New-mexico > Chapter-21 > Article-21k > Section-21-21k-7

21-21K-7. Reports.

A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:

(1) the board's fiscal transactions during the preceding fiscal year;

(2) the market and book value of the fund as of the end of the preceding fiscal year;

(3) the asset allocations of the fund expressed in percentages of stocks, fixed income securities, cash or other financial assets;

(4) the rate of return on the investment of the fund's assets during the preceding fiscal year;

(5) an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded; and

(6) complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education.

B. The board shall make the report described by Subsection A available to purchasers of prepaid tuition contracts and investments under college investment agreements.

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State Codes and Statutes

Statutes > New-mexico > Chapter-21 > Article-21k > Section-21-21k-7

21-21K-7. Reports.

A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:

(1) the board's fiscal transactions during the preceding fiscal year;

(2) the market and book value of the fund as of the end of the preceding fiscal year;

(3) the asset allocations of the fund expressed in percentages of stocks, fixed income securities, cash or other financial assets;

(4) the rate of return on the investment of the fund's assets during the preceding fiscal year;

(5) an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded; and

(6) complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education.

B. The board shall make the report described by Subsection A available to purchasers of prepaid tuition contracts and investments under college investment agreements.