N.M. Stat. § 21-1-27
Higher education department; distribution of available
funds.
In its distribution of available funds and its adjustment and approval of budgets, the
higher education department shall not, in any event or in any manner, substitute for
public funds any gift, donation, private endowment, patent income or other gratuity
received or enjoyed by an institution in determining the adequate financing of an
institution under its charge.