§ 21-21H-3. Definitions

As used in the New Mexico Scholars Act: A. “ academic year ” means any consecutive period of two semesters, three quarters or other comparable units commencing with the fall term each year; B. “ award recipient ” means a student awarded a New Mexico Scholars Act scholarship; C. “ department ” means the higher education department; D. “ eligible institution ” means any degree-granting educational institution in New Mexico accredited by the north central association of colleges and secondary schools; E. “ satisfactory academic progress ” means completion of at least twenty-four credit hours per year and maintenance of a cumulative grade point average of a minimum of 3.0 or higher on a scale of 4.0; and F. “ scholarship ” means a scholarship awarded pursuant to the New Mexico Scholars Act.